Food processing sector growing at 8.4%

Published on April 30, 2015 01:49:38 AM
Business
India has the potential to become a global leader in food processing sector as it has got the ability to integrate the gap between the farmers and the consumer, said Harsimrat Kaur Badal, Union minister for Food Processing Industries on Wednesday, adding that Food Processing is one of the fastest growing sectors of the economy and the sector is growing at 8.4 per cent.

She further said that Food Processing Industry is one of the major employment-intensive segments constituting 13.04 per cent of employment generated in all Registered Factory sector in 2012-13, there is an immense potential in food processing sector to generate employment in the country.  During 2014-15, the sector has attracted $421.51 million Foreign Direct Investment in the country.