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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 ...
A sanction of 42 food parks has been planned, out of which 25 in various states have already been sanctioned [1] [3] with 17 pending, expression of interest is available from companies with the government. According to the Government, as of October 2016, 8 mega food parks have become operational and all 42 would be operational in the next 2 years.
The FMCG industry is the fourth largest sector in the Indian economy. [1] Household and personal care products accounts for 50% of the sales in the industry, healthcare accounts for 31-32% and food and beverage accounts for the remaining 18-19%. [1]
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The fast food industry in India has evolved with the changing lifestyles of the young Indian population. [citation needed] The variety of gastronomic preferences across the regions, hereditary or acquired, has brought about different modules across the country.
The Indian Public Distribution System (PDS) is a national food security system that distributes subsidised food to India's poor. Major commodities include wheat , rice , sugar and kerosene . Surpluses of food from increased crop yields (as a result of the Green Revolution and good monsoon seasons) are managed by the Food Corporation of India ...
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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.