Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) - A Major Push for India’s Food Processing Industry.
The Production Linked Incentive (PLI) Scheme for Food Processing Industry, launched by the Ministry of Food Processing Industries, is a major initiative aimed at strengthening India’s food processing sector, promoting Indian brands in global markets, and creating global food manufacturing champions. The scheme is being implemented for a period of six years from FY 2021–22 to FY 2026–27 with a total financial outlay of ₹10,900 crore. The scheme focuses on increasing value addition in the food processing sector, expanding processing capacity, and generating employment, particularly in rural areas and off-farm sectors.
Source: pib.gov.in
ICAR Constitutes Special Task Force to Strategize Agricultural Resilience Amid Global Geopolitical Shifts.
The Indian Council of Agricultural Research (ICAR) has established a high-level Special Task Force (STF) to proactively address emerging global challenges and formulate mitigating strategies for the agricultural sector. During the first meeting chaired by the Secretary DARE & Director General, ICAR, following comprehensive framework was outlined to ensure national food and input security.
Source: pib.gov.in
New multi-dimensional income opportunities for farmers at three-day ‘Krishi Mahakumbh’ in Raisen.
A three-day ‘Krishi Mahakumbh’ will be held in Raisen, Madhya Pradesh, focusing not only on crops but also on dairy, poultry, fisheries, goat rearing, Farmer Producer Organisations (FPOs)-based marketing and livelihood opportunities for rural women, with the aim of creating multiple strong pillars of income for farmers. Union Minister for Agriculture and Farmers’ Welfare, and Rural Development, Shri Shivraj Singh Chouhan said that this national-level event will bring together the entire value chain of the rural economy — from seed to market and from fish to pearl — on a single platform.
Source: pib.gov.in
New chapter in agricultural reforms begins from Jaipur on the initiative of Union Agriculture Minister Shri Shivraj Singh Chouhan.
Today in Jaipur, the Western Regional Agricultural Conference heralded a strong beginning to a new era of agricultural reforms, where Union Minister for Agriculture and Farmers’ Welfare, and Rural Development, Shri Shivraj Singh Chouhan laid out a clear roadmap on Centre-State partnership, farmers’ income enhancement, food and nutrition security, Farmer ID-based digital agriculture, and flexible scheme implementation. This new series of regional conferences has emerged as a shared ‘action-platform’ for the Centre and states to translate Prime Minister Shri Narendra Modi’s vision of ‘Sashakt Kisan, Samriddh Bharat’ (Empowered Farmers, Prosperous India) into a ground-level reality.
Source: pib.gov.in
Freight surge, logjam hurts egg exports despite strong demand.
Egg exporters are battling shipping disruptions and a near five-fold surge in freight costs due to the West Asia war, even as export demand stays strong and domestic demand weakens. The fallout has stranded shipments, flooded the local market and pushed prices below cost.
Source: thehindubusinessline.com
Shivraj urges farmers to make India self-sufficient in oilseeds and pulses.
Union Agriculture Minister Shivraj Singh Chouhan on Tuesday said there is a need to achieve total self-sufficiency in food and assured that the government would ensure this so that India does not have to import any food item. Currently, the import dependency in edible oil is about 55 per cent whereas in pulses it went from 8 per cent in 2022-23 to 21 per cent in 2024-25.
Source: thehindubusinessline.com
If West Asia crisis continues Indian exports to other parts of world will get impacted: Official.
If the West Asia conflict continues, India's exports to other parts of the world will also be impacted, Central Commerce Secretary Rajesh Agrawal said on Saturday. Indian exports during the last financial year were expected to remain on a positive trajectory despite the crisis, he added.
Source: economictimes.indiatimes.com
India–New Zealand FTA likely to be signed on April 24, may bring $20 billion investment boost over 15 years.
India and New Zealand are expected to sign a Free Trade Agreement (FTA) on April 24 in Dehi, a move aimed at boosting trade and investment between the two countries. According to an official cited by PTI, the agreement could provide tariff-free access for Indian goods in the New Zealand market and attract up to $20 billion in investment over the next 15 years.
Source: economictimes.indiatimes.com
Government rules out sugar export curbs and maintains duties on edible oils.
India, the world's second-largest sugar producer, has no plans to curb sugar exports, Food Secretary Sanjeev Chopra said on Tuesday, as a fall in domestic consumption partly offsets lower-than-expected output. The South Asian country has allowed exports of 1.59 million metric tons on the assumption production would exceed local demand. However, output is projected to fall below consumption for a second consecutive year due to weaker cane yields in the biggest producing states.
Source: economictimes.indiatimes.com
Edible oils, industry essentials drive growth outlook; FMCG recovery gradual, says report.
The outlook for the edible oils and agri-linked consumer staples sector remains constructive, led by strong volume growth in core categories and improving demand dynamics across industrial segments, according to a recent research report by Nuvama. The sector is witnessing a demand-led upcycle, with edible oils emerging as the primary growth engine. Volume growth in this segment is expected to remain robust, supported by steady consumption across key categories such as soybean, mustard, rice bran and palm oil.
Source: economictimes.indiatimes.com