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Focus on food processing

A lot more needs to be done to remove the constraints

food processing
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Business Standard Editorial Comment Mumbai
Going by the recent claims made by the government in Parliament, its policies have incentivised private investment in the food processing sector to facilitate value-addition of farm produce and reduce its wastage. This assertion is correct to some extent as the sector has, of late, been clocking double-digit annual growth. Some of the official initiatives are well-designed to suit the industry and woo foreign investment. Between 2014 and March 2020, this sector received direct external investment of about $4.18 billion. With the changing lifestyle of people, especially that of the huge urban middle class, the household consumption of processed food