The quarterly publication, called “Food 360° - India’s Processing Revolution”, is one a raft of measures put forward by the government to capture the imagination of industry players, farmers and the population at large, said a statement from the Ministry of Food Processing Industries (MFPI).
The ministry has also announced the launch of its redesigned, user-friendly website which will act as an important information source for industry stakeholders. Officials further hope its will be a useful tool to attract investment into the sector both from within India and abroad.
Both measures form part of its 100-day action plan designed to kick-start the domestic food processing industry.
Minister Shri Sahai said: “The food processing industry, a sunshine sector of the Indian economy, is the key to transforming India by making agriculture viable and market-driven, ensuring inclusive growth and reducing mass poverty.”
Sahai said both the magazine and website would be key instruments in helping government meet its ambitious goals of trebling the size of the food processing sector from $70bn in 2005 to $215bn by 2015.
After the success of India’s information Technology (IT) and the biotechnology (BT) sectors which transformed India’s urban economy, it is now the turn of food technology or FT to usher in an economic revolution in India’s vast rural hinterland, he added.