Opinion | Food processing sector after lockdown3 min read . Updated: 14 Apr 2020, 08:44 PM IST
- Consumerism and demographic pluses will pull up all 25 sub-sectors of food processing to bounce back strongly
- Food processing should have its own separate 5% quota in the overall 40% priority sector credit quota instead
Not just agriculture but all agribusiness is critical for our survival. Primary processing like dairy milk, bakery and vegetable oils are afloat, albeit with 20-25% hit. Since consumption has also declined there is an edgy balance struck. Secondary processing sectors like chocolates, sauces, cheese etc. have seen much worse hit as consumers have pruned their consumption to conserve cash.
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