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Food Processing Industry has Immense Potential in Northeastern States

PMKSY is a comprehensive package which will result in creation of modern infrastructure with efficient supply chain management

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Food, Industry, Northeastern States
Speaking at the inaugural function of a workshop on Pradhan Mantri Kisan SAMPADA Yojana (PMKSY) here, he announced that his Ministry is planning to establish a Food Technology Institute in Assam and that his ministry will leave no stone unturned to make it a game-changer. Pixabay

Food processing is an industry that has immense potential in the northeastern states but has not been explored to its optimum yet, said Union Minister of State for Food Processing Industries, Rameswar Teli, on Tuesday.

“The northeast region, with its vast resources and bio-diversity, produces ample exotic fruits and vegetables which can be made economically viable through the food processing industry,” Teli said.

Speaking at the inaugural function of a workshop on Pradhan Mantri Kisan SAMPADA Yojana (PMKSY) here, he announced that his Ministry is planning to establish a Food Technology Institute in Assam and that his ministry will leave no stone unturned to make it a game-changer in the region.

PMKSY is a comprehensive package which will result in creation of modern infrastructure with efficient supply chain management from farms to retail outlets, Teli said.

Food, Industry, Northeastern States
Food processing is an industry that has immense potential in the northeastern states but has not been explored to its optimum yet, said Union Minister of State for Food Processing Industries, Rameswar Teli, on Tuesday. Pixabay

Citing the rich potential of Arunachal Pradesh in this sector, he called for creation of a food processing department to exclusively deal with the subject.

The Union Minister also urged the state government to fast-track the establishment of a Mega Food Park which has already been approved by the Ministry.

“Of the Rs 140 crore for northeast, we still have Rs 110 crore unspent. Therefore, states of the region need to accelerate development of Mega Food Parks and Mini Food Parks as envisaged and proposed.”

Teli urged entrepreneurs and farmers present at the event to take full advantage of the workshop and equip themselves with prospects and benefits under the PMKSY.

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Arunachal Pradesh Chief Minister Pema Khandu said that all decks have been cleared for the establishment of the Mega Food Park near the state capital and the state government will provide all basic facilities.

Underscoring the state’s potential in agri-horti produce like kiwi, orange, apple, pineapple, banana, tea, he said if food processing is taken up extensively, it could change the economy of the farming community.

“Nature has given us so much, we can easily become the richest and happiest state in the country. But lack of market knowledge is one big hindrance in the take off of the farming sector and there is need for enhancing farmers’ knowledge on latest market trends and demands,” the Chief Minister added.

Khandu said the state government has already prepared a roadmap to boost the agri-horti sector based on which schemes are being formulated and launched phase-wise.

Food, Industry, Northeastern States
The northeast region, with its vast resources and bio-diversity, produces ample exotic fruits and vegetables which can be made economically viable through the food processing industry. Pixabay

“We have set a target to benefit 90,000 farmers in the state by 2022,” he added.

Earlier in the day, Teli called on Arunachal Pradesh Governor B.D. Mishra at Raj Bhavan along with Chief Minister Khandu and State Industries Minister Tumke Bagra.

Mishra requested Teli to assist the people of Arunachal Pradesh in setting up food processing units in the state as it is leading in the production of organic produce in the country.

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Explaining to the Minister that due to the difficult mountainous terrain, timely transportation of agricultural and horticultural produce is very difficult, Mishra said the best solution to address the issue is to set up small and medium food processing industries in different locations where agro-horti products are produced in surplus. (IANS)

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Rapid Digitization May Help Online Food Industry in India To Become $8bn Market By 2022: Report

Food tech startups have revolutionized the way Indians eat

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Food
Food tech has now made its presence in greater than 500 cities in India and with consumer confidence growing, there are new opportunities for the players to 'win with the consumer' in an evolving market. Pixabay

 Rapid digitization and growth in both online buyer base and spending will help India’s online food industry to become a $8 billion market by 2022 — growing at a CAGR of 25-30 per cent, a new report said on Tuesday.

The report by Google and Boston Consulting Group (BCG) revealed that variety in cuisines (35 per cent) was one of the top reasons for recurrent use of online food ordering apps, followed by good discounts and convenience.

“Food tech has now made its presence in greater than 500 cities in India and with consumer confidence growing, there are new opportunities for the players to ‘win with the consumer’ in an evolving market,'” said Roma Datta Chobey, Director-Travel, BFSI, Classifieds, Gaming, Telco & Payments, Google.

Peer or network advocacy (52 per cent) played a critical role in drawing people to try online food ordering for the first time. This was followed by advertisements (19 per cent) that emerged to be a strong driver in metros and among the higher income groups across the country.

“Overall online spending in India is rising rapidly and expected to grow at 25 per cent over the next five years to reach over $130 billion,” said Rachit Mathur, Managing Director and Partner, India Lead of BCG’s Consumer & Retail Practice.

“Riding on the wave of rapid digitization and steadily growing consumption, the reach of Food Tech companies has grown six times over the last couple of years and will continue to increase further,” Mathur added.

Zomato and Swiggy currently dominate the online food delivery market in India. Zomato last week announced it has acquired Uber’s Food Delivery Business in India in an all-stock deal of nearly $350 million and Uber will have 9.99 per cent stake in the Deepinder Goyal-led food delivery platform. The Google-BCG report also suggested that consumers have common impediments that hinder adoption.

Pizza, Delivery, Bike, Order, Online, Screen, Service
Rapid digitization and growth in both online buyer base and spending will help India’s online food industry to become a $8 billion market by 2022 — growing at a CAGR of 25-30 per cent, a new report said on Tuesday. Pixabay

A fifth of the respondents stated a lack of trust in the app as the main barrier to usage. Delivery charges (18 per cent), food quality concerns (13 per cent) and lack of customization (10 per cent) are other reasons why customers have, so far, not experimented with online food ordering.

“Interestingly, these observations vary based on the maturity of the market. While delivery charges is the top reason for not ordering food online in metro cities; in Tier I cities, lack of trust in apps (29 per cent) is the primary roadblock,” the findings showed.

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“Food tech startups have revolutionized the way Indians eat. Ordering food online is now a habit. There is large headroom to increase reach, engagement and usage frequency for food tech apps,” said Abheek Singhi, Senior Partner and Managing Director at Boston Consulting Group. (IANS)