Indian PM calls for national food processing strategy

by Dave

Opportunity to transfer knowhow from Chile, Argentina, Brazil to India in this regard.

Central to his plan was the introduction of a simplified tax structure to stimulate the food processing industry.

“I recognize we need to look at the tax structure,” said Singh. “Primary agricultural commodities are mostly exempt from taxing but processed foods are subject to multiple levies. There is an urgent need to rationalize and simplify the tax structure [for processed food].”

This, Singh hoped, would bring India’s low level of food processing in line with other nations. The country [India] currently has a food processing level of about six per cent, compared with up to 80 per cent in the developed countries and more than 30 per cent in most other Asian and Latin American countries, he said.

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