By: Mohit Manghani
Last updated : August 30, 2019 11:59 am
The daylong conference, attended by prominent dignitaries across the sector, was a platform for the industry to discuss the innovation that could drive the industry and initiatives to attract investment in the sector
The conference saw the presence of many industry stalwarts and prominent figures from the food sector. In the inaugural address Rameshwar Teli, Minister of State for Food Processing Industries, Government of India, expressed the government’s support to industry players to set up food processing industry in the country especially in the hilly terrains. Teli also invited the industry and entrepreneurs to invest in the north eastern states.
Amid concerns over the economic slowdown in the sector, big players from the industry remained optimist and expressed hopes of turnaround. Hemant Malik, Chair, FICCI Food Processing Committee & CEO- Food Division, ITC said, “India has moved from a food scarce to a food surplus nation and the industry is on track in terms of growth and profitability. Through various government initiatives and reforms have resolved a lot of hurdles faced by the industry making.”
Siraj Hussain, Former Secretary, Ministry of Agriculture & Food Processing Industries, Government of India, shared his concerns faced by the sector and said, “Due to the fall in prices the farmers suffered. There is an increase in food wastage impacted the growth of the industry. We hope there are reforms that will increase the development in the Food Processing Infrastructure along with driving investment in the rural agriculture.”
A FICCI Centre of Excellence on Nutrition was also launched at the occasion with an objective to create greater awareness amongst stakeholders on the different aspects of nutrition and reformulation. The event also discussed the efforts taken to reduce the wastage and bring in sustainable measures to boost the Food Processing Sector.
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