FDI in Food Processing Sector
date:Dec 21, 2015
Introduction
India annually produces 205 million tonne of fruits and vegetables and is the second-largest country in farm production in the world but unfortunately the processing percentage is poor - only 4.6%. In contrast, countries like USA (65%), China (23%) and the Philippines (78%) are far ahead of India in reducing wastage and enhancing the value addition and shelf life of farm products. This is an alarming signal for India as a large volume of the agricultural produce is wasted. About 35%
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