The Ministry of
Food Processing Industries got a study conducted by the National
Council for Applied Economic Research (NCAER) regarding the
performance and prospects of food processing industries in India.
The NCAER Report projected an investment of Rs. 92,208 crores
in different food processing industries at a GDP growth rate
of 8 per cent during the Tenth Five Year Plan. The Ministry’s
policy is to create an enabling environment to leverage such
investments from both domestic and foreign investors. An outlay
of Rs. 650 crores has been earmarked for the Plan Schemes of
the Ministry for the Tenth Five Year Plan.
This information
was given in Rajya Sabha today by the Minister of State for
Food Processing Industries Shri N.T. Shanmugam in a written
reply.
