Food processing industry is one of the largest industries in India and is ranked fifth in terms of production, consumption, export and expected growth. The industry is estimated at Rs 13.96 lakh crore and is expected to reach 18 lakh crore by 2016. The government has also helping the sector by setting up of five numbers of Mega Food Parks in the states of Bihar, Maharashtra, Himachal Pradesh and Chhattisgarh. It has also set up a corpus of Rs. 20,000 million for NABARD to fund upcoming food processing units at a lower interest rate. In India, most food is consumed in its fresh form as most of the vegetables and fruits are available round the year thanks to varied weather conditions across the country. Only a small quantity is processed for value addition. However, the trend is changing g
The Food Safety and Standards Authority of India has launched an ?Indian Organic Integrity Data Base?, to help consumers verify the authenticity of organic food. The logo with tagline ?Jaivik Bharat? is a common logo for ?organic foods?. The authority has launched a portal - jointly developed by the FSSAI in collaboration with the Agricultural and Processed Food Products Export Development Authority (APEDA) and Participatory Guarantee System for India (PGS-India) of the Ministry of Agriculture and Farmers Welfare. Through this portal, consumers can access information about the producer, the certification system and the availability of certified organic products. The regulator had introduced the umbrella regulation for Organic foods earlier this year.
Kerala Government is planning to develop two food parks in Palakkad and Allapuzha in Kerala. The state is investing Rs. 500 million each towards the food park. The food park in Palakkad is being implemented by Kerala Industrial Infrastructure Development Corporation (KINFRA). It is being developed on 78.68 acre of land at an investment of Rs 119.02 crore. The facilities at the central processing centre (CPC) will include a pack house of 10 tonne per hour, warehouse of 12,000 tonne, silos of 6,000 tonne, multi-product cold storage of 5,000 tonne, and other food processing facilities. Also, four primary processing centres (PPCs) at Ernakulam, Thrissur, Malappuram and Wayanad having facilities for primary processing and storage near the farms is being developed. The food park in Allapuzha is
Gujarat Co-Operative Milk Marketing Federation Ltd (GCMMF) has commissioned a 100,000 litres per day ice cream manufacturing capacity at its Rohtak facility with an investment of Rs 1250 million. The Rohtak plant which has dairy products processing capacity of 1 million litres per day will now have an additional ice cream manufacturing capacity of 100,000 litres per day. The investment of Rs. 125 crores has been made by Sabarkantha District Co-operative Milk Producers' Union Limited, Himmatnagar. This now takes Amul's ice cream capacity to 700,000 litres per day. The new plant will mainly cater to the ice cream demand of consumers of North India market like Delhi, Haryana, Punjab, Jammu & Kashmir, The plant shall be manufacturing entire range of Amul ice creams like Tricone, Sticks, Sund
Food Safety and Standards Authority of India (FSSAI) has amended regulations to fix loopholes in the definition of proprietary food and issued notification that nutraceuticals and health and dietary supplements such as fortified foods and energy drinks will no longer be considered proprietary food. These foods have to be approved as a separate category. The regulations specify that "the Food Business Operator shall be fully responsible for the safety of the proprietary food and shall use only such additives as specified for the category to which the food belongs and such category shall be clearly mentioned on the label along with its name, nature and composition. India's nutraceuticals market is estimated to cross $6.1 billion by 2020 from $2.8 billion. FSSAU has recently uploaded a lis
Kakinada SEZ, a subsidiary of GMR has signed an agreement with Japan's JGC Corporation (JGC) for co-developing the Japanese Oriented Food Processing Park at its Kakinada SEZ. Both JGC and GMR will jointly undertake a detailed study for developing and operating the export-oriented food processing park catering to various food and agro processing sectors such as sea food, fruits and vegetables, pulses and grains, dairy and spices and nuts. The significant traction built by the governments of India and Japan and the recent discussions between the CM of Andhra Pradesh and the Ministry of Economy Trade & Industry (METI), Govt of Japan have persuaded Japanese industry to increase investments in India. The park is planned to be spread over an area of 300 acres having both value-added and ready-t
India Value Fund, a private equity fund is planning to invest USD 100 -150 million in the food sector business over the period of 2015-17. They have identified food sector as the highest growth sectors for the country over the next 20 years. The company is looking to invest in mid sized business in food sector including packaging as well as in food service. It will follow build and buy model but also invest funds in business to scale operations.
North East Mega Park had been set up in 50 acres of land in Nathkuchi Village near the Tihu town ship of Nalbari District in Assam. It has come up with an investment of Rs. 760 million. The park has fully operational industrial sheds for SMEs, developed industrial plots for lease to food processing units, dry warehouse of 10,000 MT, cold storages of 3,000 MT, common effluent treatment plant, quality control labs and so on. The park also has a common administrative building for office and other uses by the entrepreneurs. Six PPCs are also proposed to be set up at Nagaon, Badarpur, Tinsukia, Barapani, Krishnai and Kajalgaon which will provide facilities for primary processing and storage near the farms.
Odisha Small Industries Corporation (OSIC) is planning to set up a mega food park in Jharsuguda district. The proposed park will process chilly and sweet water fish. The corporation has sought 58 acres of land from the district administration. On completion of land acquisition, it will prepare detailed project report to implement the project.