Food-processing-innovations

Food-processing-innovations

India offers the largest diversified production base and has a growing food industry. India is:  World’s largest milk producing nation World’s largest producer, consumer and exporter of spices World’s second largest producer of food grains, fruits, and vegetables. The total geographical area of India is 328.7 mn ha and the Gross Cropped Area is 198.4 mn ha with a cropping intensity of 142%.2 Nivesh Bandhu is an investor facilitation portal to assist investors on the investment decisions. A special fund of $285 Mn has been set up in National Bank for Agriculture and Rural Development (NABARD) for affordable credit.3 The Ministry of Food Processing Industries, Government of India has notified 253 designated food parks in different states for the purpose of availing affordable credit from a special fund with NABARD. 4 NABARD has already sanctioned a term loan of around US$ 65.27 Bn to 11 Mega Food Park projects as of March 2019. 5 Loans to food & agro-based processing units & cold chains have been classified under agriculture activities for Priority Sector Lending (PSL).6


Last Updated on: Nov 25, 2024

Global Scientific Words in Food & Nutrition