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Major Players in Indian Food processing
- ITC Limited
- Parle Products Pvt. Ltd.
- Agro Tech Foods
- Amul
- Perfetti India Ltd.
- Cadbury India Ltd.
- PepsiCo India Holdings
- Nestle India Pvt. Ltd.
- Britannia Industries Ltd.
- Hindustan Lever Limited
- Milkfood
- MTR Foods Limited
- Godrej Industries Limited
- Gits Food Products Pvt. Ltd.
- Dabur India Ltd.
- Unilever
- Conagra Foods
- Nissin Foods
- Walmart
- Venky's
Foreign Direct Policy in Food processing
Industry
100% FDI is allowed under automatic route in food processing
industry and food infrastructure including food parks,
distillation & brewing of alcohol, cold storage
chain and warehousing.
FDI in food processing sector is quite encouraging. The amount of FDI inflow for Food Processing Sector in India during the financial year 2010-11 up to November 2010 is US$
121.7 million as compared to total FDI of US$ 1128.4 million.
Schemes for Food Processing Industry
Besides attracting FDI through schemes like Mega Food Park, the Government has also extended several fiscal incentives to enhance FDI in food processing sector like:-
- Full exemption from excise duty has been given to specified equipments for preservation, storage or transport of apiary, horticultural, dairy, poultry, aquatic & marine produce and meat and processing thereof.
- Project imports status, with concessional rate of basic customs duty of 5% has been granted to the initial setting up or substantial expansion of a cold storage, cold room (including farm pre-coolers) for preservation or storage or an industrial unit for processing of agricultural, apiary, horticultural, dairy, poultry, aquatic & marine produce and meat.
- Truck Refrigeration units manufacturing refrigerated vans/trucks have been fully exempted from basic customs duty.
- Exemption from service tax has been provided to services relating to ‘Erection, Commission or installation' of
- Mechanized Food Grain Handling Systems etc.
- Equipment for setting up or substantial expansion of cold storage; and
- Machinery/equipment for initial setting up or substantial expansion of units for processing of agricultural, dairy, poultry, aquatic, marine or meat products.
- The scope of exemption of service tax has been expanded to include food grains and pulses in addition to fruits, vegetable, eggs and milk.
Government Promoting Skill Development and Research in Food Processing Sector
The rapidly growing food processing industry in the country requires availability of matching number of skilled manpower to sustain it on a continuous basis. Food processing sector also requires application-based research to meet the ever increasing industry and the consumer demand. The Ministry of Food Processing Industries through its scheme is assisting application-based projects, which would directly benefit the food processing sector.
The Ministry provides financial assistance as grant-in-aid under its scheme of Human Resource Development for (i) Creation of Infrastructure facilities for running degree/diploma curses in food processing sector, (ii) Entrepreneurship Development Programme, (iii) Setting up of Food Processing Training Centres and (iv) Training at Recognised National/State Level Institutions sponsored by Ministry of Food Processing Industry (MoFPI).
For promoting research work in the sector, Ministry provides financial assistance as grant-in-aid under its scheme for Research and Development in Processed Food Sector. The Financial Assistance is given as grant-in-aid to various Universities, IITs, Central/State Government Institutions, Public Funded Organizations etc. The Scheme aims to undertake demand driven R&D work in the field of Food Processing Sector for product and process development, improved packaging, value addition and leading to innovative products and processes with commercial value.
Future Outlook
In order to increase level of processing and to promote Food Processing Industries to exploit both the domestic and international market potential for processed food products, Vision 2015 document has been finalized by the Ministry of Food Processing Industries (MFPI), which envisages tripling the size of the processed food sector by increasing the level of processing of perishables from 6% to 20% value addition from 20% to 35% and share in global food trade from 1.5% to 3% by 2015.
An integrated strategy for promotion of agribusiness Vision, Strategy an Action Plan for the Food Processing Sector has also been approved by the Government
Policy Framework
Food
Processing Policy 2005
National
Food Processing Policy
Useful
Web links
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