ASSOCHAM
In collaboration with the
Ministry of Food Processing Industries; GOI
Conference on
Stakeholders Consultation on Financing Food Processing Business Issues & Way out

20 October, 2015 , Habitat Centre, New Delhi

About the Event

The Indian food processing industry accounts for 32% of the country’s total food market. Estimated to be worth USD 121 billion, it is one of the largest industries in India, and is ranked fifth in terms of production, consumption and exports. India already is a leading exporter of several food products. Attractive fiscal incentives have been instated by central and state governments and these include capital subsidies, tax rebates, depreciation benefits, as well as reduced custom and excise duties for processed food and machinery. 42 mega food parks are being set up in public-private partnership at an investment of INR 98 Billion rupees, the parks have around 1200 developed plots with basic infrastructure enabled that entrepreneurs can lease for the setting up of food processing and ancillary units. 121 cold chain projects are being set up to develop supply chain infrastructure. Strategic geographic location and proximity to food-importing nations makes India favorable for the export of processed foods.
 
ASSOCHAM in collaboration with the Ministry of Food Processing Industries; GOI is organizing a Conference on “Stakeholders Consultation on Financing Food Processing Business Issues & Way outon October 20, 2015, India Habitat Centre, New Delhi. The objective of the conference is to bring Creation of awareness among food entrepreneurs about special fund of Rs.2000 Cr created by the Govt with NABARD and credit available with other public & Public sector banks under priority sector lending (PSL).
 
Objectives
  • To discuss policy interventions for enhancing lending & financing to Food Processing Industry
  •  To enhance percentage of credit extended by banks to food processing sector which currently stands at less than 3%
  • To review the existing schemes for extending subsidies and credit to existing/budding food entrepreneurs vis-à-vis NABARD schemes, MoFPI schemes, and Cold Chain schemes 
  • To discuss the role of credit rating agencies in risk assessment for financial institutions extending credit to existing/new food processing units
  • To deliberate on alternative financing options like venture capital, factoring and supply chain financing