Anita Praveen, Secretary, Ministry of Food Processing Industries, Govt. of India said that the Indian Food Processing Industry is the second biggest employer in the country after textile and can be the basis for increasing farmers’ income. Addressing the 15th edition of ‘FICCI FOODWORLD INDIA 2024’, Praveen stated that the food processing sector is an important sector of the economy, and we need to focus on serving the large population of India.
Haryana has emerged as a frontrunner among the top performing states in exports in the country. It has recorded merchandise exports of INR 146,180 crores (USD 17.65 billion) in FY 2023-24 registering a growth of 14.77% which is the highest growth among the top 7 exporting states in India and thereby retaining its position as the 7th largest exporting State.
On the sidelines of the inaugural Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum, the Department of Commerce and Invest India organised a meeting to showcase various investment opportunities in India.
In a bid to provide the environment and infrastructure for women in agribusiness, the state government has decided to set up an agricultural export hub for Self Help Groups (SHG) under the Telangana Mission for Elimination of Poverty In Municipal Areas (TMEPMA) in collaboration with International Crops Research Institute for the Semi-Arid Tropics (ICRISAT).
Rice procurement by the Food Corporation of India (FCI) for the Centre’s buffer stock in the 2023-24 season (October-September) has reached 50.09 million tonnes (mt) until May 31, which is 5.7 per cent lower than 53.11 mt procured in the year-ago period due to a drop in most of the States.
The country’s rice imports expanded by over a quarter to more than two million metric tons (MT) from January to May compared to last year’s level, according to the Bureau of Plant Industry (BPI).
The biggest challenge for the commerce and industry ministry under the coalition government led by Prime Minister Narendra Modi would be to revive the growth of merchandise exports that has been grappling with external factors such as geopolitical risks and high inflation.
