Calcutta, Aug. 22: Bengal has financed 50 food processing projects in the past one year by utilising a joint fund set up under the Centre’s National Mission on Food Processing.
Jayanta Aikat, director, department of food processing of the state government, today said the focus would also be on attracting high-end cold chain projects.
The combined market growth in hospitality, food processing, confectionery and bakery in Bengal is estimated at around 20 per cent per annum.
At present, the Indian food industry is valued at $135 billion and is expected to touch $200 billion by 2015.
“This is one sector that has seen a lot of change in the past 10-15 years. It has a multiplier effect in terms of employment generation. After the advent of the National Mission of Food Processing in the 11th plan period, the whole thing was centralised and the ministry of food processing under the central government used to finance,” Aikat said.
“From August 20, 2012, the whole thing has been decentralised and the states have been given the responsibility of financing these projects. From the last week of March 2013, we have been subsidising these industries,” he added.
He was speaking at the inauguration of Foodtech India, 2014, a B2B exhibition focussing on food processing, bakery, confectionery and hospitality sectors.