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New Delhi, July 17 The food processing was going to be the sustainable growth driver of the Indian economy, said the Minister of State for Food Processing Industry, Mr Subodh Kant Sahai.

The industry is currently growing at 13.5 per cent against 6.5 per cent in 2003-04, and the market-driven farming would provide farmers with more bargaining capacity leading to their economic stability which will further add to the sustenance of the growth, Mr Sahai said, while inaugurating ‘Processed Foods – Advantage India 08’.

The seminar is being organised by the Confederation of Indian Industry (CII).

“Today, the sector contributes nine per cent of the GDP and there is tremendous scope to increase this further,” said the Minister.

Mr Piruz Khambatta, Chairman, CII National Committee on Food Processing, and CMD Rasna International Ltd, said that the industry had great potential to be the next big ‘Made in India’ story for the nation and do for rural India what IT and ITeS has done for urban India.

Over 30 global buyers are taking part in the two-day Processed Foods Outsourcing summit-cum-buyers-sellers meet.

More Stories on : Foods & Food Processing

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