Bengaluru, March 16
The newly shaped Plant Based mostly Food stuff Sector Association (PBFIA) has urgedthe Federal government to build centres of excellence (CoEs), accelerators to aid innovation, and provide tax incentives to create the country’s plant-based mostly foods ecosystem.
A delegation of the PBFIA not too long ago met Minister of Point out for Food stuff Processing Prahlad Singh Patel and advised a number of measures such as tie-ups with universities, tax incentives for buyers and business owners, reduction in GST fees, infrastructural aid for food items processing and cold chains, amid other initiatives, to aid the nascent but quickly increasing plant-based mostly foods sector.
PBFIA also wanted a joint undertaking force to coordinate in between federal government ministries, departments, and companies.
Sanjay Sethi, PBFIA’s Government Director, who led the delegation, sought the minister’s steerage and help to convert the plant-centered food items sector into a key market catering to each domestic and international marketplaces. The global plant-primarily based food items marketplace is predicted to touch $77.8 billion in 2025.
The plant-based food business features a major possibility to deal with climate modify, meals insecurity and malnutrition, and public wellness danger (which include pandemics and antimicrobial resistance), and enable India satisfy the UN Sustainable Enhancement Aims, PBFIA claimed in a assertion.
The PBFIA delegation involved Varun Deshpande, MD, Superior Foods Institute India Kartik Dixit, Founder, Evo Foodstuff Prateek Ghai, Founder, B Veg Foods Pradeep Rao, Founder, Progressed Meals Amit Bajaj, Founder, Vezley Meals and Palak Mehta, CEO, Vegan Initial Media.
Sethi said the minister asked PBFIA to maintain a distinctive meeting with the ministry to explore difficulties this kind of as chilly chain logistics and every day parcel functions in between significant cities. Additional, the minister wished PBFIA’s aid to organise two functions — a single for Indian stakeholders in the plant-primarily based ecosystem, and the other with international gamers bundled — to discuss the issues confronted by the market.
Deshpande of Good Food items Institute stated his organisation’s proposal for funding CoE at the Nationwide Institute of Food items Engineering Entrepreneurship and Administration (NIFTEM) experienced been well acquired by the minister.
March 16, 2022