Union minister Narendra Singh Tomar emphasises on raising private investment in farm sector
Tomar, who is also the food processing minister, encouraged entrepreneurs to set up food processing units in the country, and assured them that the government will provide all possible help.
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NEW DELHI: Union Agriculture minister Narendra Singh Tomar on Friday stressed the need to increase private investment in the farm sector and asked entrepreneurs to set up food processing units.
The minister was addressing a summit on Agriculture and Food Processing Opportunities in Madhya Pradesh organised by the Ministry of Food Processing, in partnership with ASSOCHAM and Invest India through video conference, according to an official statement.
Agriculture Minister Narendra Singh Tomar emphasises on raising private investment in farm sector
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Last Updated: Mar 05, 2021, 10:09 PM IST
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Tomar, who is also the food processing minister, encouraged entrepreneurs to set up food processing units in the country, and assured them that the government will provide all possible help. He informed that the government is granting speedy approvals to the food processing projects.
PTI
Union Agriculture Minister Narendra Singh Tomar on Friday stressed the need to increase private investment in the farm sector and asked entrepreneurs to set up food processing units. The minister was addressing a summit on Agriculture and Food Processing Opportunities in Madhya Pradesh organised by the Ministry of Food Processing, in partnership with ASSOCHAM and Invest India through video conference, according to an official statement.
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United States of America
In the United States 30 per cent of all food, worth US$48.3 billion (€32.5 billion), is thrown away each year. It is estimated that about half of the water used to produce this food also goes to waste since agriculture is the largest human use of water.
Losses at the farm level are probably about 15–35 per cent, depending on the industry. The retail sector has comparatively high rates of loss of about 26 per cent, while supermarkets, surprisingly, only lose about 1 per cent. Overall, losses amount to around US$90 billion–US$100 billion a year (Jones, 2004 cited in Lundqvist et al., 2008).
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The dues to the sugarcane farmer have accumulated to Rs. 25,000 crores or $3 billion in non-payment for their produce, as per a reply given to a question in Parliament in September of 2020
Photo Credit : Bloomberg
It is well known Indian economy has slowed down especially during the pandemic and its aftermath. The Fast Moving Consumer Goods (FMCG) sector, which is believed to be the evergreen sector in Indian economy, is also reporting a slowdown. One of the primary reasons of the slowdown is the delayed payment of the farmer in the sugarcane industry. As per Department of Food Processing and Industry, Ministry of Consumer Affairs India is the second largest producer of sugar in the world, Brazil being the first. Also, we are the largest sugar consumer in the world, with its industrial annual output at approximately Rs.80,000 crores.