Sensex 29374.39 95.55 0.33%
Nifty 8848.6 13 0.15%
If there is one sector that has been growing faster than agriculture as well as manufacturing sectors, has the potential to create jobs in the rural areas, bridge the gap between the price paid by the consumer and that received by the farmer and create value addition and earn foreign exchange by export of value-added farm produce, it is the Food Processing Sector. In addition, this sector does not only remain a bridge between farmers and entrepreneurs, it converts the farmer into an entrepreneur.
This was stated by the Agriculture and Food Processing Industries Minister,Sharad Pawar after inaugurating NIFTEM, a world-class institution in food processing sector, at Kundli, Haryana, today. Haryana Chief Minister, Bhupinder Singh Hooda, Minister of Water Resources Harish Rawat, Ministers of State Tariq Anwar and C D Mahant, Member of the Planning Commission, Arun Maira, and local Members of Parliament and Legislative Assembly were present on the occasion.
While highlighting the huge potential of this ‘sunrise sector’,Pawar also spoke about the challenges the sector faces and how NIFTEM will help the sector to grow. “Though a sunrise sector, it is facing various bottlenecks like lack of infrastructure, packaging and grading centres quality control and testing facilities. However, I consider, lack of human resource as one of the most important impediments in the development of this sector. Many entrepreneurs meet me and tell how difficult it is to get skilled manpower to work. It is in this background, the foundation of NIFTEM was laid. This institute is expected to bring a pioneering work in development of Human Resource in the food processing sector,” he said.
Pawar said that NIFTEM will provide one-stop solution to the food processing sector. He elaborated: “Besides developing world class managerial talent and advanced knowhow in the area of food science, food technology and management, it will function as a knowledge repository in the food processing domain, conduct frontier area research for development of the sector and facilitate business incubation services. The Institute will offer high quality education, research and management programme specific to the food industry, provide referral advice on food standards, disseminate knowledge on the food sector and provide business incubation facility.
The Institute will also provide other core activities to bridge the skill gap between demand and availability, provide complete spectrum of consultancy services to food processing industries, strive for promoting Innovation in the sector and work for upgradation of SME clusters.”
One important aspect of its functioning is that it has ‘theme centres’ on different sectors such as dairying, cereal-based products, animal protein, beverages, confectionery, and fruit and vegetable based foods. There are also themes cutting across these sectors, e.g. management, packaging, food standards and testing, Pawar said.
Earlier, Minister of Water Resources,Harish Rawat expressed the hope that NIFTEM will bridge the serious shortage of skilled manpower in this sector.
The MOS,Tariq Anwar emphasised the need for modernising the complex distribution system of farm commodities. Chancellor of the institute,Rakesh Kacker gave details of the state of art facilities created at the institute.
NIFTEM or the National Institute of Food Technology Entrepreneurship and Management has recently been conferred Deemed University status. The institute has begun its first academic session this summer. It confers B. Tech. (Food Technology and Management), M. Tech. and Ph. D. in the area of Food Technology and Management. The Minister informed that the first academic session, which began this summer, has 115 students in B. Tech and 88 in M. Tech, and these students ranked quite high in competitive examinations.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.