About Food Processing & Agriculture
Agriculture plays a vital role in India’s economy as 56% of the total workforce is engaged in agriculture and allied activities. It accounted for 16% of the country’s Gross Value Added for fiscal 2019 at current prices. Development of agriculture and food processing infrastructure has been accorded high priority by the Government of India in recent years. To modernise the infrastructure in this sector, the government launched the Pradhan Mantri Kisan SAMPADA Yojana to develop various agro – processing clusters. The scheme envisages creation of mega food parks, agro processing infrastructure, integrated cold chain infrastructure and expansion of food processing capacity in the country. The 39 mega food parks (located in 24 states), sanctioned by the Ministry of Food Processing Industry, are currently at different stages of implementation. The government has approved 297 cold chain projects out of which 183 projects have been completed. A cumulative 3,282 million has been invested in India’s food processing industry through FDI route between fiscals 2015 and 2019. Under NIP, about 20 identified projects in Agriculture and 15 projects in Food processing will be implemented over 2020-2025.