With the increase in purchasing power of Indians, the demand for processed foods is growing at a much faster rate than the farm sector, a top official in the Union agriculture ministry said today.
The prices of food crops like wheat, rice and maize will rise between 121 per cent and 194 per cent by 2050 due to climate change, according to a study.
A unified law covering the entire gamut of the food processing industry is set to take effect by this year-end, according to Ashok Sinha, secretary, ministry of food processing industries.
NRI-promoted fast food chain ChicKing Fried Chicken is planning to open 200 global outlets, including 100 in India, by 2012 with an investment of Rs 200 crore.
