Page 35 - IACC Newsletter August-September 2013 Issue 13

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Ambassador Mr. Vinai Thummalapally with Mr. Sakthivel, President, Tirupur Exports Association (TEA), Mr. Suresh Reddy, Chairman,
IACC(TN) and other senior officials from U.S. department of Commerce.
National Conclave – The Indian Food Processing Sector September 18, 2014 at Hotel Hyatt Regency, Chennai
The National Conclave on the Indian Food Processing sector was organized by Indo- American Chamber of Commerce,
on September 18, 2014, at Hotel Hyatt Regency, Chennai.
Mr. C Suresh Reddy, Chairman – Tamil Nadu, IACC, welcomed the Hon. Union Minister, Smt. Harsimrat Kaur Badal, Dr. U.
Venkateswarulu, Joint Secretary to the Ministry and the delegates to the National Conclave conference. In his welcome
address the Chairman mentioned the contribution of food industry to the country’s GDP and the importance of food
processing sector in the India. With immense potential for further growth, both in the domestic and export markets, he
suggested the immediate need for the stakeholders to come together in taking the industry to the next level. He
thanked the Ministry of Food Processing Industry (MOFPI), APEDA, MPEDA and the Government of India for supporting
IACC in organizing this conference.
The National President, IACC, Mr. Chella K. Srinivasan appreciated the new Government initiatives and expected that it
will change the food processing industry scenario in the near future and the proposed Prime Minister’s visit to the US is
expected to increase the bilateral relationship between the two countries.
Mr. Shanker Gopalkrishnan, Chairman, National Conclave, IACC gave an overview of the programme and mentioned that
the conference is planned to address the key issues of the various stakeholders of the food processing industry.
The conference was inaugurated by the Honorable Union Minister for Food Processing Industries, Govt. of India Smt.
Harsimrat Kaur Badal. In her keynote address the minister mentioned that with increase in population, food
consumption in the country has increased multi-fold and with land area for agriculture shrinking, the need to grow more
in lesser land has been a big challenge to the industry. Some of the key issues that need immediate attention is poor
infrastructure bottleneck, resulting in higher wastage of perishable food products and in turn is adding to the inflation.
The Minister mentioned that the Food Processing Ministry is working towards making food available at affordable prices
to all strata of the Indian population. Uplifting farmers, skill development, keeping inflation under control are some of
the key focus areas of the food processing Ministry.
The Government has allocated Rs. 2000 crore for the food processing industry and loans are being provided at
subsidized rates through NABARD. For instance, the duty has been reduced from 10% to 6% for importing machinery for
the food processing sector.