Food Processing

UP govt to set up 75,000 new food processing units across the state

Building on this momentum, the Yogi Adityanath government has set an ambitious target- by 2047, agriculture and allied activities should contribute $1 trillion to UP's Gross State Domestic Product

UP clears food processing proposals worth ₹10K cr to boost rural economy

The state has achieved a 98 per cent bank loan approval rate under the Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) scheme, the highest in the country

Carlsberg commits ₹1,250 crore investment in food processing sector

Brewing company Carlsberg has committed to invest Rs 1,250 crore in the food processing sector in India, which is a "priority growth market" for the Danish group. This includes setting up greenfield facilities and expanding its existing units across the states by Carlsberg India, the company said in a statement on Monday. The company has signed a Memorandum of Understanding (MoU) with the Ministry of Food Processing Industries (MoFPI), Government of India, at World Food India 2025, which was held during September 25-28 in the national capital, it added It will invest "Rs 500 crore towards a new greenfield facility in Ahilyanagar, Maharashtra, Rs 400 crore for brownfield expansion in Hoogly, West Bengal, Rs 350 crore for brownfield expansion in Mysuru, Karnataka," the company, which is a step-down unit of Danish brewing giant Carlsberg, said. The agreement reaffirms Carlsberg's long-term commitment to India and will significantly strengthen its brewing and packaging footprint in the

₹1.02 trillion investment lined up in Indian food processing sector: Govt

The World Food India summit was inaugurated by Prime Minister Narendra Modi and held at Bharat Mandapam in the national capital from September 25 to 28

Russian Deputy PM meets PM Modi, discusses agriculture and food sector ties

PM Modi conveyed his warm greetings to President Vladimir Putin and said that he looked forward to welcoming him to India for the 23rd India-Russia Annual Summit

World Food India: Govt expects ₹1 trn investment in food processing sector

World Food India 2025 is set to draw over Rs 1 trillion in investments, with Reliance, Coca-Cola, Amul and Olam Foods signing MoUs worth Rs 75,000 crore on the opening day

PM Modi invites global investors to tap India's food processing sector

Prime Minister Narendra Modi on Thursday invited global investment in India's food processing sector, saying the country has the triple strength of diversity, demand and scale. He also asked the industry to invest in innovations in biodegradable packaging and shift to environmentally friendly packaging materials. Addressing the 4th edition of the World Food India here, Modi said India kept its doors open for investments and collaborations in the food processing sector. "This is the right time to invest in India...We are open to investors engaged in the food (processing) chain. We are ready for collaboration. I urge everyone to invest in India as there are huge opportunities," he noted. He told the gathering that India is the world's third-largest start-up ecosystem, and a large number of the entities are working in the food and agriculture sectors. The Prime Minister said India is continuously contributing to ensuring global food security. The government is promoting the food ...

Reliance Consumer inks ₹40k cr MoU with Centre for pan India food plants

Reliance Consumer Products Ltd (RCPL) on Thursday signed a Rs 40,000-crore agreement with the Food Processing Industries Ministry to establish integrated food manufacturing facilities across the country, according to sources. The Memorandum of Understanding (MoU) to this effect was signed at the World Food India 2025 event here, the sources said. Reliance Industries had announced the investment plan at its annual general meeting in August, saying it would create "Asia's largest integrated food parks with AI-driven automation, robotics, and sustainable technologies." RCPL, which emerged from Reliance Retail and became a direct subsidiary of Reliance Industries, has become one of India's fastest-growing fast-moving consumer goods companies, generating revenue of over Rs 11,000 crore in just three years since inception. Under the MoU, RCPL will invest more than Rs 1,500 crore to set up integrated facilities for food products and beverages in Katol, Nagpur in Maharashtra and Kurnool in

WFI 2025: Taste the future with innovation, investment and opportunity

The remarkable success of PMFME micro-entrepreneurs demonstrates WFI's impact. Free stalls place them at the heart of the event, enabling connections with domestic as well as global giants

Cabinet raises PMKSY outlay to ₹6,520 cr to boost food processing

The Union Cabinet on Thursday increased the budgetary outlay for the flagship scheme Pradhan Mantri Kisan Sampada Yojana (PMKSY) by Rs 1,920 crore to Rs 6,520 crore to boost the food processing sector. The enhanced funds, to be provided this fiscal, will be utilised for 50 multi-product food irradiation units and 100 food testing labs. The decision in this regard was taken in the meeting of the Union Cabinet chaired by Prime Minister Narendra Modi. "The outlay of PMKSY has been increased to Rs 6,520 crore," I&B Minister Ashwini Vaishnaw told reporters after cabinet decisions. PMKSY, launched in 2017, was extended for one more year till the end of the current 2025-26 fiscal with an allocation of Rs 4,600 crore. On Thursday, the Cabinet decided to enhance the allocation by Rs 1,920 crore to implement the 2024-25 budget announcement to set up 50 multi-product food irradiation units and 100 food testing labs. Out of which, about Rs 1000 crore will be used for setting up 50 ...

India-UK FTA: Over 95% Indian farm exports to get duty-free market access

India's FTA with the UK boosts agri and food exports with 95% items duty-free, while protecting dairy, oils, and apples. Farmers, seafood, and processed goods sectors set to gain significantly

Industry, govt must work on indigenous food processing machinery: Official

While agri production and exports remain high, the country still depends on imported machinery for food processing, pointed out Devesh Deval, joint secretary in the food processing ministry

FMCG companies in wait-and-watch mode on new labelling guidelines

SC gives Centre 3 months to finalise regulations

Centre to support food processing industry with slew of schemes: Official

The Centre has drawn up a slew of schemes, in the form of subsidies, to support the food processing industry, from micro to large units, a senior official said. Secretary of the Ministry of Food Processing Industries, Subrata Gupta, said that a lot of food, particularly fruits and vegetables, go to waste for not being processed to increase their shelf life. "On an average, processing of food in various sectors is only around 10 per cent. This is a matter of concern. There is a need to process and preserve food to curb wastage," Gupta said at an interactive session organised by the Indian Chamber of Commerce (ICC) here on Monday night. The ministry is supporting the sector with a slew of schemes for micro, medium and large units, he said. "There is a huge opportunity for entrepreneurs to invest in the food processing sector," Gupta added. The central government has also set aside an amount of Rs 400 crore for the small and medium food processing units, he said. The official said l

Indian food processing industry to reach $700 billion by 2030: PHDCCI

India's food processing sector's market size is estimated to more than double to USD 700 billion in 2030 from USD 307 billion in 2023, driven by growing demand for processed products, according to industry body PHDCCI. On Friday, the association released a report 'India's Agricultural Transformation: From Food Scarcity to Surplus'. The food processing sector is expected to reach USD 700 billion by 2030, the report said, adding that the market size will further increase to USD 1,100 billion by 2035, USD 1,500 billion by 2040, USD 1,900 billion in 2040 and USD 2,150 billion by 2047. In a statement, PHDCCI said India's agriculture and allied sector has been growing strongly. From 2013-14 to 2023-24, the sector maintained average growth rate of 3.9 per cent, emphasising its steady contribution to the nation's economy. Even during the pandemic, agriculture remained vital, achieving a commendable 4 per cent average growth rate, said Hemant Jain, President, PHD Chamber of Commerce and ...

Govt to set up 100 food testing labs, 50 food irradiation centres: Paswan

Union Food Processing Minister Chirag Paswan on Monday said the government will build 100 food testing labs and 50 food irradiation centres as part of its efforts to boost processing levels and ensure quality. The minister asked the industry not to compromise on the quality of products as this will affect not only brands but the country's image as well. He said the ministry will set up 100 food testing labs to ensure that products meet standard norms set by regulators. The minister assured the industry that he would try to address any issues and challenges affecting the growth of the food processing sector. Addressing a Ficci seminar, Paswan emphasised the need to minimise wastage and promote value addition. The minister also exhorted industry players to make India a global food basket. "Indian food products should become popular globally. Indian food standards should be recognised as global standards," Paswan said. To boost processing levels, Paswan said as many as 50 food ...

Govt undertook many reforms for food processing sector growth: PM Modi

Prime Minister Narendra Modi on Thursday said the government has undertaken many reforms in the last 10 years for the growth of the food processing sector and the effort is to ensure that India sets global benchmarks for innovation, sustainability and safety in the food sector. The Prime Minister's message was read at the third edition of World Food India 2024, which is being held in the national capital from September 19 to 22. The event will see participation from over 90 countries. "In the modern era, through progressive agricultural practices, strong administrative frameworks and cutting-edge technologies, our effort is to ensure that India sets global benchmarks for innovation, sustainability and safety in the food sector," Modi said. During the last 10 years, he said the government has introduced wide-ranging reforms to transform the food processing sector. "Through multi-dimensional initiatives such as 100 per cent FDI in food processing, Pradhan Mantri Kisan Sampada Yojana,

Govt invites EoI to build multiproduct food irradiation units under PMKSY

The government has invited Expressions of Interest (EoI) from entrepreneurs for the setting up multiproduct food irradiation units under the Pradhan Mantri Kisan SAMPADA Yojana (PMKSY). The last date for submission of EoI/ proposals is September 21, the Ministry of Food Processing Industries said in a statement. The entities are required to submit their proposals online only at https://www.sampada-mofpi.gov.in/ with relevant details under "PRADHAN MANTRI KISAN SAMPADA YOJANA". A financial assistance in the form of grants-in-aid/ subsidy will be provided to the eligible projects under the demand-driven Cold Chain scheme. All proposals are required to be prepared and submitted on or before the due date as per the scheme guidelines.

Big fat Indian wedding: At Rs 10 trn, expenses 2nd only to food, grocery

The Indian wedding industry size of approximately Rs 10 lakh crore (USD 130 billion) is second only to food and grocery, with an average Indian spending twice on marriage ceremony than education, a report said. India sees 80 lakh to 1 crore weddings annually compared to 70-80 lakh in China and 20-25 lakh in the US. "The Indian wedding industry is nearly double the size of the industry in the US (USD 70 billion), albeit smaller than China (USD 170 billion)," brokerage Jefferies said in a report. Weddings are the second largest consumption category in India. "Weddings, if they were a category, would rank as the second largest retail category only behind food and grocery (USD 681 billion)," it said. Weddings in India are elaborate and characterised by a range of ceremonies and spending. The industry spurs consumption in categories like jewellery and apparel and indirectly benefits autos and electronics. Despite political efforts to curb them, luxury weddings at exotic locations continu

'Food industry should be responsible; returned goods tarnish reputation'

India earns a bad name whenever a food consignment is returned over quality concern, Food Processing Industries Secretary Anita Praveen said on Wednesday asking food companies to become a little more responsible. Addressing a FICCI 'FOODWORLD India 2024', she asked the industry to supply top-quality products in domestic and overseas markets by meeting international quality standards. The secretary highlighted that the food processing sector is important for the Indian economy and provides huge employment opportunities. Praveen said the food processing sector plays an important role in improving the income of farmers. She noted that India is a big market for processed foods and therefore many global companies are interested in entering this space. "Let us be the suppliers rather than letting someone else do that. It is our industry's responsibility to make sure that supplies are sustained not just in quantity but also in quality," Praveen told senior management of food companies ..