SME Times is powered by   
Search News
Just in:   • Biden administration forgives $4.7 billion loans to Ukraine  • Women entrepreneurs driving innovation, growth in gem & jewellery sector: Smriti Irani  • India’s export outlook brighter as manufactured goods gain share: RBI  • India’s consumer durable makers to log 11-12 pc growth in FY25  • SEBI’s proposal on SME IPOs: striking a delicate balance 
Last updated: 24 Mar, 2021  

Food.Processing.9.thmb.jpg 'Need for food processing industry to setup own levels of standardisation'

Food.Processing.9.jpg
   Top Stories
» India’s export outlook brighter as manufactured goods gain share: RBI
» Private consumption driving growth in Q3 with rural India taking lead: RBI
» Indian MSMEs create about 10 crore jobs in 15 months
» Indian prefer Q-commerce for daily essentials, physical stores for high-value buying
» Embedded finance to unlock $25 bn revenue opportunity for India’s platforms by 2030
SME Times News Bureau | 24 Mar, 2021

Additional Secretary, Ministry of Food Processing Industries, Manoj Joshi, emphasized on the need for the industry to set up its own levels of standardisation so that the consumer could be assured of what they are buying.

"A regulatory approach is not always the right way to go about it. This would fuel the volumes and change the pricing and the demand structure. This is one area for big growth trends in the industry and it requires proper navigation," he said.

Addressing the virtual inaugural session 'FICCI FOODWORLD India 2021', Mr Joshi informed that a final approval is awaited from the government on the PLI scheme, post which the draft guidelines will be shared with the industry for their inputs and suggestions.

"We seek inputs from the industry for better implementation of the schemes," he said.

He further stated that processed food and vegetable prices are higher in comparison to fresh produce in India and this is a major challenge in reaching a larger consumer segment.

"This requires the industry and the government to work together at every level so that the price margin between what the farmer gets and what the consumer pays for fresh produce can be reduced," said Joshi.

He stated that there is a lot of a scope for improving agri-logistics chain. "There is a large gap between FPOs, farmers and the industry and all three need to work together to bridge the gap," he noted.

Elaborating on the challenges of the industry, Joshi said, "It is difficult for a micro or a small producer to sell their produce in this country. Consumers will not buy something that is not branded and if they do, they will pay a much lower price. Welfare schemes and activities like NREGA benefit the society in terms of income and employment and it will be far bigger if we address the micro and small sectors because of the employment potential it has."

Speaking at the event, Siraj Hussain, Former Secretary, Ministry of Agriculture & Food Processing Industries, Government of India said that though the food processing industry did not find itself in much stress due to COVID-19. The unorganised section of the industry, however, probably took a big hit.

"The processed food industry did an exceedingly good job during the lockdown. For the first quarter last year, capacity utilisation had already reached 65 to 70 per cent and it continues to do well," he said.

Hemant Malik, Chair, FICCI Food Processing Committee and CEO- Food Division, ITC Ltd said, "Looking towards the current trend, the Indian food processing industry is experiencing a paradigm shift due to the growing global demands for food safety, increasing food insecurity, increasing consumer demand for higher quality and sustainability and reliability of supply chains post-COVID-19,".

Mohit Anand, Co- Chair, FICCI Food Processing Committee & MD, Kellogg India & South Asia said that over the years FICCI's Food World has been a platform for fostering dialogue and discussions between two important stakeholders of the food processing sector i.e., the government and the industry.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Will the new MSME credit assessment model simplify financing?
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter