Events organised by Consulate General of India, Guangzhou
The Consulate General of India in Guangzhou is celebrating the 14th Pravasi Bharatiya Divas on 9 January 2017.
RBI has released guidelines regarding Extension of deadline for deposit of Demonetized banknotes at RBI ( Mumbai , Chennai, Delhi, Kolkata and Nagpur) for resident Indians abroad till 31 March and NRIs till 30 June 2017.
The Ministry of Tourism has introduced a 24x7 Toll Free Multi-Lingual Tourist Help Line to facilitate visits of foreign tourist visiting India.
International Day of Yoga
The 2nd International Day of India (IDY) in Southern China was celebrated in five cities jointly organized by the Consulate General of India, Guangzhou with the local Municipality governments and other Yoga Institutes.
- With a huge population of 1.1 billion and population growth of about 1.6 % per annum, India is a large and growing market for food products.
- Its 350 million strong urban middle class with its changing food habits poses a huge market for agricultural products and processed food.
- Rise in urbanization, proliferation of nuclear families and increasing numbers of working women are the new drivers of demand for packaged and processed food.
- Increasing incomes over the last three decades in India has seen a shift in food habits. A large part of this shift in consumption is driven by the processed food market, which accounts for 32% of the total food market. It accounts for US$ 29.4 billion, in a total estimated market of US$ 91.66 billion.
- The Indian Foods & Beverage industry is poised for a significant leap forward -- these are interesting times and continued success will depend on a proper understanding of the landscape and challenges therein, quickly exploiting emerging opportunities, skillful execution of strategic mergers and acquisitions and effecting a seamless organization to evolve into truly global players.
- The total food production in India is expected to double in the next ten years and there is ample opportunity for huge investments in food and food processing technologies, skills and equipment.
- An estimated investment of US$ 17.5 billion is required in the food processing industry to achieve the goals projected in India’s Vision 2015. Of this investment, US$ 8 billion is expected to come from the private sector, another US$ 8 billion from financial institutions and US$ 1.5 billion from the government.
- Investments are needed in various stage of the supply and value chain, proper research, farm and lab connectivity, up-gradation of technology, skill and manpower training, backend and front-end integration and cold chain integration.
- The Government has introduced several schemes to provide financial assistance for setting up and modernizing of food processing units, creation of infrastructure, support for research and development and human resource development in addition to other promotional measures to encourage the growth of the processed food sector.
- In an effort to boost the food sector, the Government is working on agri-zones and the concept of mega food parks. Twenty such mega parks will come are proposed across the country in various cities to attract Foreign Direct Investment (FDI) in the food-processing sector. The Government has released a total assistance of US$ 23 million to implement the Food Parks Scheme. It has so far approved 50 food parks for assistance across the country. The Centre also plans US$ 22 billion subsidy for mega food processing parks.
- The national policy on food processing aims at increasing the level of food processing from the present 2% to 10 per% by 2010 and 25% by 2025. The Policy will seek to create an appropriate environment for entrepreneurs to set up Food Processing Industries through fiscal initiatives and interventions like rationalization of tax structure on fresh foods as well as processed foods and machinery used for the production of processed foods.
- 100% FDI allowed in the food processing sector and cold chain infrastructure.
- Vision 2015 of the Government of India for the food-processing sector aims at: promoting a dynamic food processing industry, Enhancing the competitiveness of food processing industry in both domestic as well as international markets, making the food processing sector attractive for both domestic and foreign investors, and achieving integration of the food processing infrastructure from farm to market.
- To attract investment in food processing sector, the government launched the Mega Food Parks Scheme (MFPS) during the 11th Five Year Plan (2007-12). The primary objective of the MFPS is to provide adequate / excellent infrastructure facilities for food processing along the value chain from the farm to market. It will include creation of infrastructure near the farm, transportation, logistics and centralized processing centers. The main feature of the scheme is a cluster based approach. The scheme will be demand driven, pre-marketed and would facilitate food processing units to meet environmental, safety and social standards. Under the Mega Food Parks Scheme, India is setting up mega food parks for specific segments such as fruits and vegetables, dairy, meat and poultry, and wine to create backward and forward linkages covering the complete food processing value chain and to implement best practices as part of the post-harvest management. The Mega Food Parks Scheme envisages that each food park will feature 30-40 food processing industries, benefitting 6,000 farmers directly and 25,000-30,000 farmers indirectly.
- The MFPS is expected to facilitate the achievement of the Vision 2015 of Ministry of Food Processing Industries to raise the processing of perishables in the country from the existing 6% to 20%, value addition from 20% to 35% and the share in global food trade from 1.5% to 3% by the year 2015. For more information on the MFP scheme, please visit: http://mofpi.nic.in/guidelines/Guidelines_MFPS.pdf
- The government is also planning to modernize abattoirs to promote scientific and hygienic slaughtering, application of modern technology for waste management, better by product utilization, provision of chilling facility, retail cold chain management under Public-Private-Partnership mode with the involvement of local bodies on build-own operate / build-operate-transfer / Joint Venture basis. Financial assistance under the Scheme is through grant of 50% of the total cost of plant and machinery and technical civil works subject to a maximum of Rs 15 crore (US$ 2.7 million @ US1=Rs. 55.34) per project.
- In order to promote technology up-gradation and modernization of food processing industries in sectors such fruits, vegetables, cereals, meat, poultry, oilseed products, rice milling, flour milling, pulse processing, flavors and colors, oleoresins, spices, coconut, mushrooms, hops etc., the government will provide financial assistance of 25% of the cost of plant and machinery and technical civil works subject to a maximum of Rs 5 million (US$ 90,350 @ US$1=Rs. 55.34).
- Other policy measures that have been initiated to promoted the Food Processing industry include Income Tax deduction of 100 % of profit for five years and 25 % of profit in the next five years in case of new agro processing industries set up to package and preserve fruits and vegetables; excise duty on meat, poultry and fish products has been reduced from 16% to 8 %, excise duty on dairy machinery has been fully waived off etc.
- Among the new initiatives announced in the 2012-13 Budget include the Rs. 2,242 crore (US$ 393 million) project launched along with the World Bank to improve productivity in the dairy sector. Rs. 500 crore (US$ 87 million) has been set aside to broaden the scope of production of fish to coastal aquaculture. A new centrally sponsored scheme titled, “National Mission on Food Processing” to be started in 2012-13 in cooperation with the state/provincial governments.
- Ministry of Food Processing Industries: http://www.mofpi.nic.in
- Agricultural and Processed Food Products Export Development Authority: http://www.apeda.com
- Marine Products Export Development Authority: www.mpeda.com
- Department of Industrial Policy & Promotion: www.dipp.nic.in
- Mega Food Parks Scheme: http://mofpi.nic.in/guidelines/Guidelines_MFPS.pdf