During the period April-November 2015, total exports were US$174.3 billion with a decline of 18.5 per cent over corresponding period figure of US$213.8 billion.
\"Results for the last two quarters of 2015 have been impacted by the Maggi Noodles issue. However, we are committed towards double digit (growth) that is triggered by actual volume consumption increase, said Suresh Narayanan, chairman and managing dir
Our projections indicate that the sector will continue to grow by 13-14 per cent in the next 5-10 years and is likely to become a $220-240 billion industry by 2025, Singhi added.
Seventy seven India-bound cargo containers containing products of Dabur Nepal were confiscated by Nepalese authorities today after receiving a tip-off about their quality, said officials.
In a major decision, Punjab government has announced exempting inputs of food processing sector from taxes to make the state as food processing hub of the country.
The Secretary also asked the industry to utilise the Rs 2,000 crore corpus under the National Bank for Agriculture and Rural Development (NABARD) for lending to food processing industries in mega food parks and designated food parks.
The growth of food processing sector is very vital as it ensures food security and better remuneration to farmers for their produce, the Minister added.