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Industry & Economy - Budget
FICCI moots R&D fund for food processing sector

Deepak Goel

New Delhi , Jan 2

In its pre-Budget submission on the food processing sector to the Revenue Secretary, Mr K.M. Chandrasekhar, on Tuesday, FICCI has suggested that an R&D fund be created for innovative products, particularly export market focused products.

Similarly, the fund should also be available for market studies for product development in the new emerging markets.

The Ministry of Commerce and Industry and the Ministry of Science and Technology should make necessary efforts to bring inventions related to the agri/food sector developed by other countries into India, said the chamber.

Currently, organisations addressing the educational and R&D requirements in food processing are too few and there is a need to augment their efforts.

Food engineering professionals need to develop sufficient awareness and relevant principles of nutrition, preservation and storage techniques, processing unit operations, bio-processing and waste management, among others.

Research to generate and choose technologies on food products that are potentially used as industrial raw material need to be undertaken.

More Stories on : Budget | Foods & Food Processing | Research & Development | Industry Associations

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