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Induction of modern technology into the food processing industries from both domestic and external sources. Maximum utilization of agricultural residues and by-products of the primary agricultural produce as also of the processed industry. To encourage R&D in food processing for product and process development and improved packaging.
Media industry in India also boomed during the same time which gave new companies even more incentive to make their business profitable. [citation needed] Prior to 1991, when globalisation and liberalisation occurred in India, western apparels and foreign food products were not available to local customers. Common people weren't very aware of ...
MFIL was a wholly owned Central Government-owned PSU. This was the first privatisation of public sector unit by the government of India. Modern Foods had over 40% of the bread market in India. [3] HUL was the sole bidder for Modern Foods. It paid Rs 10.5 million, as per the valuation exercise undertaken by its valuer ICICI, for 74% of the shares.
Food processing is the transformation of agricultural products into food, or of one form of food into other forms. Food processing takes many forms, from grinding grain into raw flour , home cooking , and complex industrial methods used in the making of convenience foods .
The Ministry of Micro, Small and Medium Enterprises is the ministry in the Government of India. It is the apex executive body for the formulation and administration of rules, regulations and laws relating to micro, small and medium enterprises in India. The Minister of Micro, Small and Medium Enterprises is Jitan Ram Manjhi.
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The first convocation of the institute, held in February 2018, was attended by the President of India, Ram Nath Kovind. [7] In 2018, the Minister of Food Processing Industries Harsimrat Kaur Badal inaugurated four incubation centres for product testing and development and a food-testing laboratory, with an investment of ₹ 50 crore (US$5.8 ...
The institute develops technologies to increase efficiency and reduce post-harvest losses, add convenience, increase export, find new sources of food products, integrate human resources in food industries, reduce costs, and modernise. [5] It holds several patents and has published findings in reputed journals.
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