Why is it in the news?

• Processed food exports have surged by 150% over the past nine years, according to the Ministry of Commerce & Industry.

 More about the news

• India’s Food Processing Sector has attracted Foreign Direct Investments (FDI) totalling about Rs 50,000 crore in the last nine years.
• The processed food segment now constitutes 23% of India’s agricultural exports.
• India boasts 158 food and agri Geographical Indications (GIs), showcasing unique regional food products.
• Under One District One Product (ODOP) Initiative, 708 unique food items across districts have been identified, contributing to regional specialties.
• The food processing market in India is estimated to reach $535 Billion by 2025.

Significance of Food Processing Sector

• Value addition and reduced waste in food processing contribute to increased income for farmers.
• The sector plays a vital role in generating employment opportunities.
• Processed food exports contribute to earning foreign exchange.
• Ensures food and nutritional security for the country.

Challenges in the Food Processing Sector

• Inadequate cold storage, processing facilities, and transportation networks pose challenges.
• Lack of trained manpower and technology hinders sector growth.
• India experiences approximately 74 million tonnes of food wastage annually.

 Initiatives to Promote Food Processing

• Pradhan Mantri Kisan SAMPADA Yojana: A comprehensive scheme promoting food processing.
• Mega Food Park: Part of the initiatives, providing infrastructure and facilities.
• One District One Product (ODOP) Initiative: Identifying unique food items to give small farmers and industries a distinct identity.
• Production Linked Incentive Scheme: Introduced to incentivize the food processing industry.