Food processing ministry to invest Rs 241 cr in abattoirs

Image
BS Reporter Chennai
Last Updated : Jun 11 2012 | 12:08 AM IST

The Union ministry of food processing industries (MoFPI) is focusing on schemes to scale up infrastructure projects for the food processing industry, and would invest around Rs 241 crore in setting up new abattoirs and modernising the existing ones, said a senior official from the Indian Council of Agricultural Research (ICAR).

At a conference on meat processing technologies organised by the Tamil Nadu Technology Development and Promotion Centre (TNDPC) of the Confederation of Indian Industry (CII), B S Prakash, assistant director general (AN&P), ICAR, said that the MoFPI would make investments to create a brand value for the Indian wholesome hygienic meat products and byproducts. The ministry is initiating schemes to upgrade infrastructure for the food processing industry, and as part of this, would invest Rs 241 crore in setting up new abattoirs and upgrading the existing ones. It would invite expressions of interest for the empanelment of zone-wise project management for the scheme, he added.

Even as the country has considerable livestock population, the export of meat and meat products is less than 3 per cent. The industry and academia should work together to reduce the challenges and enhance meat production in the country, he said.

Hyderabad-based National Research Centre on Meat (NRCM) has plans to collaborate with TNDPC to start training programmes for the entrepreneurs in the sector.

A K Srikanth, chief executive officer of Alchemist Foods (Private) Ltd, said that India produced around 6.5 million tonne of meat in 2010-11, which was around 2.2 per cent of the global meat production. However, only around 1.1 per cent of it is conv-erted into value-added products like sausages, kababs and meat balls, while the world average is 70-72 per cent.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 11 2012 | 12:08 AM IST

Next Story