Government of India giving grants to setup Food Processing, Cold Chains and Preservation Infrastructure
$9 billion post-harvest losses in 2009. 40% wastage of food in a country like India is huge. With growing population, more mouths to feed, India can't afford to neglect the food sector.
Serving Indians' taste buds: demand to double in 5 years
Economically rising Indian middle class is getting more aware of eating healthy & nutritious food. They want consistency in the taste of seasonal food items. And, importantly, they are ready to pay for this.
The Indian food industry, which includes food production, quality control, food packaging, transporation, temperature controlled warehousing, referigerated retailing, presents an unparalled opportunity to benefit economically with a great social impact.
Cold storages hope to attract investors after getting industry status
Anjali Prayag & Anjana Chandramouly, Bangalore, March 7
107 cold-storage projects with a capacity of 5 lakh tonnes had been approved, according to the Finance Minister.
All retailers agree that increased shelf life of products will help farmers, retailers and customers, and the creation of modern cold-chain capacity is vital for reducing wastage of horticultural products in India.
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BY HARSH JOSHI, DECEMBER 29, 2010
It is time for India's government to put its money where its mouth is.
New Delhi has raised some $30 billion since March by selling state assets and telecom airwaves. That is about as much as the country will attract in foreign direct investment this fiscal year.
There is one area above all else where this money should be directed: food security. New Delhi talks a lot about guaranteeing food for India's poor.
India wastes 59 MT fruits, vegetables every year
Press Trust of India / New Delhi December 21, 2010, 16:22 IST
"About 30 per cent of the fruits and vegetables grown in India get wasted annually due to lack of proper infrastructure which is a cause of concern," Thomas said.
Thomas also said that only two per cent of horticultural produce is being processed in the country now, which is way below the average in China at 15 per cent and 8 per cent for the Asia Pacific region.
Chinese firms expand dominance in Indian farm equipment market
Mahesh Kulkarni / Bangalore December 4, 2010, 0:00 IST
Food Retail in India to touch USD 150 bn by 2025: KPMG
Press Trust Of India
New Delhi, December 07, 2010
"Evolution of innovative food processing capacity, emergence of organised retail and change in consumption patterns along with fast changing demographics and habits is fuelling the next growth trajectory for the food industry in India," KPMG said in a statement.
Five more mega food parks to come up
Press Trust of India / New Delhi November 18, 2010, 20:52 IST
Mega food parks are aimed at facilitating the processing of perishable food items backed by efficient supply chains, collection centres, primary processing centres and cold chain infrastructure.
Finance Minister Pranab Mukherjee in his Budget speech had proposed to set up five new mega food parks to boost the food processing sector.
Kelloggs to launch more affordable products in India
Press Trust of India / New Delhi November 10, 2010, 18:01 IST
The ready-to-eat cereal market is around Rs 400 crore [ $88 million]. It is growing at the rate of 20-30 per cent. The overall packaged food industry is also growing. So every one will have its own space in the market and ultimately will help grow the category
Food security needs beckon investment in transnational farming
Rana Kapoor, Monday, Oct 18, 2010
The world population is expected to increase by 40 per cent by 2050, demanding an additional output of about one billion tonnes of cereals and 200 million tonnes of meat/annum by then. Consequently, future emphasis would be keenly focused on growing more food.