The new act would also provide provisions for setting upfutures markets for the sustanance and stability of the food processing industry, he said adding it would provide for setting up a special fund to finance processed food industry.

Special provisions for difficult and backward areas by providing incentives to split units - main units would be located in backward areas and the downstream unit to make consumer items located outside difficult area - near the market, he said. Kumar said his ministry had sought full excise exemption on the processed food from the finance ministry to give boost to the industry which was currently witnessing a negative growth.