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India can cater to global processed food market: Minister

IANS  |  New Delhi 

With increasing output from the sector leading to a rise in processing activities, will be able to cater to the international markets by exporting more processed foods, Commerce said on Friday.

"Among other sectors, could be a very important sector (for exports) because now when we have large quantity of and coming in, we will have to process it," he said at the inauguration of the 11th edition of "Ficci 2018" with the theme "Capitalising Processing in the Digital Era".

"When we process it, we need not only cater to the domestic market but we can export it."

The said the industry professionals should develop that appeal to the palate of the consumers in export markets.

"This segment needs to be exploited aggressively apart from exporting Indian for use by Indians overseas," he added.

Prabhu said the processed, produced under good regulation on safety and standards was a great opportunity for the with the attendant benefit for downstream industries.

According to the minister, although technology will bring in lot of redundancy and many sectors will be impacted, is a sector which will survive all such transitions.

"We are trying to identify sectors which would be growing at a much faster rate than before, and clearly in my opinion, food is one such sector," he said.

Emphasising on the need for exports of marine products, Prabhu said he had urged the Export Development Authority to prepare a strategy for export of from



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, February 09 2018. 18:12 IST