Institute of Economic Growth to Assess Current Level of Processing of Food Items
The Ministry of Food Processing Industries have awarded a study to Institute of Economic Growth, Delhi to estimate the current level of processing of perishable food items.
The Ministry’s Vision Document, based on extensive stakeholder interviews, assessed the level of processing of perishables in 2005 to be 6 per cent. All non-perishable food commodities (tea, coffee, grains, spices etc.) have to be processed before consumption.
As per National Accounts Statistics, 2011, the private final consumption expenditure of food and beverages at 2004-05 prices was Rs 785117 Rs. 799359 and Rs. 792884 crore in 2007-08, 2008-09 and 2009-10 respectively.
Basmati Rice, boneless meat, corn, cane sugar and guarghum have emerged as the top five foreign exchange earners through food related exports in 2010-11. Other top foreign exchange earners were frozen shrimps, shelled groundnuts, frozen fish, tea and mango pulp. The total foreign exchange earnings from all food related exports was Rs 63733 crore in 2010-11
This information was given by the Minister of State for Food Processing Industries, Dr. Charan Das Mahant in a written reply in the Lok Sabha today.
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