Facts for Prelims (FFP)
Source: PIB
Context: The Prime Minister inaugurated the second edition of the ‘World Food India 2023’ event recently.
- The event aimed to showcase India as the ‘food basket of the world’ and celebrate 2023 as the International Year of Millets.
Key growth pillars of FPI:
- Empowering small farmers through Farmer Produce Organizations (FPOs)
- Organizing 2 lakh micro-enterprises to boost Small Scale Industries
- Involving over 9 crore women through Self-Help Groups (SHGs)
Status of India’s FPI:
India’s Food Processing Industry (FPI) has seen significant growth, attracting Rs 50,000 crore in FDI investments over the past nine years. Processed food now contributes 23 percent to agri exports, with a 150 percent overall increase. The processing capacity has expanded to over 200 lakh metric tonnes.
Several initiatives have been undertaken to promote the food processing industry in India, including the PM Kisan SAMPADA Yojana, the One District One Product scheme, the Production Linked Incentive Scheme for Food Processing Industry (PLISFPI), and the Eat right India movement.
