Unlock India’s food processing potential
The HinduThe answer concerns every living being. One of the largest producers of fruits and vegetables in the world to boost processed food in large quantities, India has formulated a unique Production-Linked Incentive Scheme which aims to incentivise incremental sales. To bridge this gap, of the 13 key sectors announced under the PLIS, the ‘Food Processing PLIS’ earmarks a dedicated Category 3 for supporting branding and marketing activities in foreign markets. Smart financing alternatives such as peer-to-peer lending hold potential for micro-food processors as can be observed by the United Kingdom Government-owned British Business Bank which has helped more than 1,18,000 small businesses get access to more than U.S.$17.88 billion. A sustainable food ecosystem With growing populations, changing food habits and unrestricted use of natural resources, nations must come together and lay out a road map for a common efficient food value chain.