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FNB News - "We are looking to raise funds between $1 and $1.5 million in 12 to 18 months"


Monday, 26 July, 2021, 08 : 00 AM [IST]
In India, food processing has a long way to go, to minimise wastage of fresh produce and also to create a sustainable livelihood for our farmers. The state and Central governments are supporting the food processing sector through multiple Mega Food Parks and cold chain units, states
Prabhu Gandhikumar, co-founder, TABP Snacks and Beverages, in an email interaction with
Nandita Vijay. He also divulges his company’s plans for raising funds and expansion. Excerpts:
How would you describe the current scene in food processing in India?
Food processing in India is in its infancy. Hardly 4% of the fruits and vegetables in India are being processed compared to the 40% to 50% of the fruits and vegetables that are getting processed in the Western world. In India, food processing has a long way to go, to minimise wastage of fresh produce and also to create a sustainable livelihood for our farmers ....

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Over 6 lakh direct, indirect jobs generated by 22 operational mega food parks: Govt


Over 6 lakh direct, indirect jobs generated by 22 operational mega food parks: Govt
ANI |
Updated: Jul 21, 2021 05:45 IST
New Delhi [India], July 21 (ANI): More than 6 lakhs direct and indirect employment has been generated through the 22 operational Mega Food Parks, said Union Minister of State for Food Processing IndustriesPrahlad Singh Patel in a written reply in Loksabha on Tuesday.
As per Mega Food Park Scheme Guidelines, each Mega Food Park after being fully operational would create direct and indirect employment of about 5,000 persons.
However, the actual configuration of a project may vary depending upon the business plan.
The Ministry has accorded final approval to 38 Mega Food Parks and in-principle approval to 3 Mega Food Parks in the country under the Mega Food Park scheme. About 6,66,000 direct and indirect employment have been generated by the 22 operational Mega Food Parks. ....

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