PRAN Group, a Bangladeshi food processing and manufacturing firm, will set up agro and food processing plants in Tripura, Orissa and Tamil Nadu, a company official said here Tuesday.
India’s food processing sector, which was growing at about six per cent four years ago, is now expanding at nearly 15 per cent annually, Union Minister Subodh Kant Sahay said today.
Karnataka is poised to become the leading food processing hub in India, according to a FICCI-Yes Bank report, thanks to a strong and expanding physical infrastructure base, specific supply strengths and opportunities arising out of gaps in the food value chain.
India signed a memorandum of understanding or MoU with Canada on Monday, for co-operation in processing food, also involving the exchange of students and faculty, say reports.
There is a visible shift to plastics, and in particular to PET and multilayer packaging. The multilayer packaging technology involves integration of various polymers with EVOH – Ethyl Vinyl Alcohol, which acts as an oxygen barrier.
Food Processing Industries in Arunachal Pradesh can be started as a missionary zeal said the Union Minister for Food Processing Industries, Subodh Kant Sahai while expressing his concern over lack of proposals from investors to set up industries in Arunachal Pradesh despite its vast potential.
The commerce ministry recently said in a summit that the ministry was aiming to build a coalition with the ministry of agriculture, ministry of food processing industries and other aligned ministries to create export opportunities for rural entrepreneurs through sustained market promotion and market access initiatives in coming years.
India has set a target of exporting organic food worth $1 billion in the next five years with its produce receiving wide acceptance in many mature markets of the US and Europe, a top official said on Saturday.
ADF Foods, a major player in the international market for processed ethnic Indian foods, has re-entered the Indian market. This time the company will focus more on the health quotient, bringing in cuisines from different parts of the world.
Union Food Processing Industries Minister Subodh Kant Sahai today said the five new mega food parks proposed in the Union budget are likely to come up in the northern states.
