The food processing sector in India is set to receive a major boost with the Ministry of Finance approving 1,646 projects under the PM Kisan Sampada Yojana. These initiatives, including food testing labs and R&D efforts, have a total value of ₹31,830.23 crore and are expected to attract ₹22,722.55 crore in private investment.
Implemented by the Ministry of Food Processing Industries (MoFPI) since 2016-17, the scheme is designed to enhance India’s food processing capacity and agricultural infrastructure. It aims to increase processing and preservation capacity by 428.04 lakh metric tonnes (LMT) annually, create 13.42 lakh jobs, and benefit 51.24 lakh farmers.
The government is committed to transforming the agriculture and food processing landscape by encouraging investments in aggregation, modern storage, supply chain efficiency, processing, and marketing. The goal is to boost food processing levels and enhance the export of processed foods while creating state-of-the-art infrastructure to streamline supply chains from farm gates to retail outlets.
These approved projects, sanctioned as of December 18, 2024, form part of a broader government strategy to develop the sector and ensure better financial returns for farmers. This includes investments from both public and private sectors, contributing to India’s growing footprint in the global processed food market.