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The Economic Times

Government targets 25 pc food processing level by 2031; mulls policy measure to boost investment

Crisil FICCI Bharat

New Delhi: Food Processing Secretary Avinash Joshi on Thursday said the ministry has set a target to increase the food processing level to 25 per cent by 2031 from 17 per cent in 2023 and hinted that it would announce some policy initiative to boost investments in the sector for achieving this goal.

Addressing a conference organised by industry body FICCI, he cited a recent report by Crisil which highlighted that the food processing level has increased to 17 per cent in 2023 from 10 per cent in 2010-11.

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