The Union food processing ministry has set a target of attracting investments to the tune of Rs 1 lakh crore in the sector by 2015.
Subodh Kant Sahai, Union food processing minister, said: ?We are expecting investments of Rs 1 lakh crore in the next five years. We are planning to increase food processing to 20% of the total fruits and vegetable produced in the country.?
According to him, food processing has grown by 10% in India while value-added products have grown by 10-15% in the last five years.
We are looking at a growth of 35% in value-added production by 2015,? Sahai said. Talking to reporters at a business summit on north eastern states in Kolkata.