Page 3 - Food Processing

Govt refuses to pay excess Kisan Rail subsidy, Rlys 'writes off' Rs 71 cr

The Railways had to write off Rs 71.86 crore it spent as excess subsidy on Kisan Rail Services last fiscal, after the Ministry of Food Processing Industries refused to bear the additional cost citing a Rs 50-crore ceiling for the initiative, documents show. According to official data, the Railways spent Rs 121.86 crore as subsidy under the scheme which is more than double the amount of Rs 50 crore sanctioned in 2021-22 by the Ministry of Food Processing Industries (MoFPI) for the pro-farmer initiative. The national transporter was forced to "write off" the excess expenditure of Rs 71.86 crore after the MoFPI -- the nodal ministry for implementing the 'Operation Greens - TOP to total' scheme under which Kisan Rails operate -- deciding not to reimburse the outstanding amount. Under the scheme, a 50 per cent subsidy is offered directly to farmers and traders on railway transportation charges for fruits and vegetables. A ceiling of Rs 50 crore was set by the MoFPI as subsidy for the las

B2B food processing start-up Suite42 raises $4.3 mn in seed funding

Suite42 says its technology helps clients to make fair price discovery, reduce processing cost

Best of BS Opinion: Beyond $400 billion, food processing potential & more

Here are the best of BS Opinion pieces of the day

Food processing potential

Higher scale will have multiple benefits

PMKSY scheme extended till FY'26 with Rs 4,600 crore outlay

The food processing ministry on Monday said its flagship scheme 'Pradhan Mantri Kisan Sampada Yojana (PMKSY)' has been extended till March 2026 with an allocation of Rs 4,600 crore.

Food processing minister launches 6 brands under One District-One Product

These six brands are out of 10 that the ministry has signed up with cooperative NAFED for branding and marketing of ODOPs

Despite sluggish domestic demand, PLI builds FMCG appetite for expansion

Amul has accelerated its expansion plans in ice creams and other ready-to-eat products

PLI for food processing: Parle Products expects 20-25% growth in exports

Biscuits major Parle Products expects 20-25 per cent growth in exports on the back of the govt's PLI scheme in the food processing sector, for which it has received approval

PLI scheme in food processing will allow large scale capacity: FMCG cos

With the government approving their applications for the production linked incentive (PLI) scheme in food processing, the companies said it will also play a key role in promoting job creation

PLI for food processing a game-changer, to boost agri-exports: FMCG players

Leading FMCG companies have termed the PLI scheme approved by the government for the food processing sector as a game-changer which would help bring more investment

Tyson Foods offers front-line workers paid sick leave; 75% vaccinated

Tyson Foods is offering its front-line workers paid sick leave for the first time, part of an agreement that secured union support for its mandat

Focus on food processing

A lot more needs to be done to remove the constraints

FDI in food processing sector falls 57% to $393 million in FY21

During 2018-19, FDI in FPI sector stood at USD 628.24 million.

India's food processing market may touch $470 billion by 2025: KPMG report

Tier-II and tier-III cities could mirror the trend visible in metropolitan areas, by buying more processed food in the coming years

Amazon building computer vision tech to check defects in fruits, vegetables

The e-commerce giant's technology can carry out millions of assessments to grade the quality of fruits and vegetables per day at a cost that is far below compared to any other method

Cabinet okays Rs 10,900 cr PLI for food processing units under 4 buckets

Indian FMCG majors like ITC, Adani Wilmar & Marico, apart from MNCs like Nestle are expected to benefit

Say cheese: Amul to start making buffalo mozzarella, invest Rs 200 crore

Move over Italy, India could soon become the global export hub of mozzarella cheese

Centre clears twenty food processing projects worth Rs 363.4 cr

The Union Food Processing Industries Ministry on Wednesday said it has cleared 20 projects worth Rs 363.4 crore

PM FME scheme golden opportunity for micro food entrepreneurs: Minister

for Food Processing Industries MoS Rameswar Teli said the Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PM FME) scheme offers golden opportunities to micro food entrepreneurs

Govt prepares road map, identifies 8 sectors to ease compliance burden

Single-window clearance by mid-April