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India: Government plans to launch 350 food processing units
Time:03 Jul 2009
Posted by 21food.com

The government will help set up 350 new food processing units in the next 100 days as part of its efforts to create 10 million jobs in the sector by 2015.

'We will extend financial help of up to 25 percent or a maximum of Rs.50 lakh (Rs.5 million) in setting up each of these units,' Minister for Food Processing Industries Subodh Kant Sahai said here Wednesday while releasing his ministry's 100-day action plan.

These 350 processing units will be in the fields of fruit and vegetable, meat, dairy, fish, grain and consumer food industry.

The minister explained that for every Rs.1 crore invested in the sector, 18 direct and 64 indirect jobs in the organised sector and 20 in the unorganised sector would be created.


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