Make in India lauded for boosting food processing industry’s prospects
Friday, 16 December, 2016, 08 : 00 AM [IST]
Our Bureau, New Delhi
Prime minister Narendra Modi’s Make in India initiative has boosted the prospects of the country’s food processing and beverage industry. This was stated by experts, including Piruz Khambatta, chairman and managing director, Rasna Pvt Ltd, at a conclave titled Food Processing Industry: Opportunities and Challenges.
The conference and exhibition, which were a part of the sixth edition of Food and Bev Tech and organised by the Confederation of Indian Industry (CII) (Western Region), took place at Hyatt Regency Convention Centre. They aimed at promoting the Indian food processing industry on a global scale.
“Make in India has opened up a plethora of opportunities for entrepreneurs and businessmen, including foreign investors, to foray into the lucrative Indian food processing sector, which is poised to witness more than double-digit growth in the near future,” the experts concurred.
Khambatta, who is also chairman, Food and Bev Tech 2016, said, “The industry is steering ahead with rapid advances being made in the field of information technology and international best practices being incorporated as a part of expertise introduced by the companies.”
Stressing on the need for the sector’s growth, he added, “A developed food processing industry will reduce wastage, ensure more value addition and generate additional employment opportunities. Moreover, export earnings will increase and it will lead to better socio-economic conditions of farmers and their families.”