The Hindu Business Line : `Financial aid must to lure entrants into food processing'

THE All India Food Preservers Association (AIFPA) does not expect any major fresh investment in the food processing sector unless the Union Government comes out with a lucrative financial package for entrants to this sector. Entrants are hesitant because of sluggish return on investment (ROI).

The association says that no large investments have come from domestic and foreign investors in the last few years in spite of the fact that the Union and State Governments had identified this as a priority sector. It apprehends that the growth of domestic food processing sector may suffer with WTO guidelines and liberalisation aiding the entry of foreign food products into the country. Local companies may find it difficult to match up to the standards and quality parameters.

However, the association says this sector has the potential to generate employment in rural and semi-urban areas.

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