Minister of State for Food Processing Industries Prahlad Singh Patel has said that the Gross Value Addition (GVA) in food processing sector has increased from Rs 1.79 lakh crore in 2016-17 to Rs 2.37 lakh crore in 2020-21 at a Compounded Annual Growth Rate (CAGR) of 7.27 %. The GVA for the last four years and latest year i.e. 2020-21 are as under:
(Rs. in lakh crore)
|
|
2016-17
|
2017-18
|
2018-19
|
2019-20
|
2020-21
|
|
Gross
Value Added
|
1.79
|
1.93
|
2.36
|
2.26
|
2.37
|
Source: National Accounts Statistics, M/o Statistics & Programme Implementation.
In a written reply to a question in Rajya Sabha, Patel said that the ministry implements various schemes to boost value addition in the food processing sector, generate employment opportunities, augment income of farmers and so on. Although no target is set for employment generation, however, the food processing sector contributes 12.2% of employment in the registered manufacturing sector.
The Ministry of Food Processing Industries implements the Pradhan Mantri Kisan SAMPADA Yojana (PMKSY) which inter–alia aims at creation of modern post-harvest infrastructure, boosting value addition, providing better returns to farmers, creation of employment opportunities and so on.
In addition, the ministry is also implementing the PM-Formalization of Micro Food Processing Enterprises (PMFME) Scheme for providing financial, technical and business support for setting up/upgradation of two lakh existing micro food processing enterprises across the country. A new Production Linked Incentive scheme (PLIS) for Food Processing Sector is being implemented to support creation of global food manufacturing champions.