Indian Economy
World Food India 2023
- 06 Nov 2023
- 5 min read
For Prelims: Food Security, Agricultural Marketing, Seed Capital Assistance, Food Street, Food Basket of the World, International Year of Millets, Ease of Doing Business, Self Help Groups.
For Mains: Significance and potential of India’s food processing on economic growth and development.
Why in News?
The second edition of 'World Food India 2023' was inaugurated recently in New Delhi, where the Prime Minister of India provided Seed Capital Assistance to over one lakh Self Help Group (SHG) members.
- The Ministry of Food Processing Industries launched the first edition of World Food India in 2017.
What is World Food India 2023?
- About:
- World Food India 2023 is a gateway to the Indian food economy, facilitating partnerships between Indian and foreign investors.
- It will be a one-of-a-kind gathering of manufacturers, producers, food processors, investors, policymakers, and organisations from across the global food ecosystem.
- Mascot:
- Focus Pillars:
- Shree Anna (Millets): Leveraging India’s Super Food for the World
- Millets can enhance food security, nutrition security, and sustainability in the face of global challenges such as climate change, population growth, and malnutrition.
- The United Nations has declared 2023 as the International Year of Millets (IYM 2023).
- Exponential Food Processing: Positioning India as the Global Hub
- To achieve this vision, India intends to boost its enablers that can support and accelerate its food processing industry.
- One of the key enablers is Financing Agri Food Value Chains and also Providing adequate and affordable credit to the food processing sector, especially to the micro, small and medium enterprises (MSMEs).
- Shree Anna (Millets): Leveraging India’s Super Food for the World
What is the Current Status of the Food Processing Sector?
- Sunrise Sector:
- The Food Processing Sector received recognition,owing to the outcomes of World Food India, often referred to as the 'sunrise sector’.
- In the past nine years, the sector has attracted foreign direct investments exceeding Rs 50,000 crores, thanks to the government's industry-friendly and farmer-centric policies.
- Production Linked Incentive:
- The progress made under the Production-Linked Incentive (PLI) scheme in the food processing sector, has opened other dimensions.
- Different ongoing projects under the Agri-Infra Fund, focusing on post-harvest infrastructure, with an investment exceeding Rs 50,000 crores, also hold massive potential for the sector.
- Investments in processing infrastructure in the fisheries and animal husbandry sector, amounting to thousands of crores, are encouraged.
- The progress made under the Production-Linked Incentive (PLI) scheme in the food processing sector, has opened other dimensions.
- Other Government Initiatives:
- Creation of the Agri-Export Policy
- Development of nationwide logistics and infrastructure
- Establishment of district-level hubs
- Expansion of Mega Food Parks
- Pradhan Mantri Kisan Sampada Yojana
- Pradhan Mantri Formalisation of Micro Food Processing Enterprises Scheme
UPSC Civil Services Examination Previous Year Question (PYQ)
Prelims
Q.1 An objective of the National Food Security Mission is to increase the production of certain crops through area expansion and productivity enhancement in a sustainable manner in the identified districts of the country. What are those crops? (2010)
(a) Rice and wheat only
(b) Rice, wheat and pulses only
(c) Rice, wheat, pulses and oil seeds only
(d) Rice, wheat, pulses, oil seeds and vegetables
Ans: (b)
Q.2 Among the following, which one is the largest exporter of rice in the world in the last five years? (2019)
(a) China
(b) India
(c) Myanmar
(d) Vietnam
Ans: (b)
Mains
Q.1 In what way could replacement of price subsidy with Direct Benefit Transfer (DBT) change the scenario of subsidies in India? Discuss. (2015)