CURRENT AFFAIRS

Detailed explanation-1: -100% FDI is permitted under the automatic route in food processing industries in India. 100% FDI is allowed through the government approval route for trading, including through e-commerce in respect of food products manufactured or produced in India. 0.6% % share of GVA of agriculture and allied sector to total economy.

Detailed explanation-2: -The Indian food processing industry is among the largest in the nation in terms of growth, production, consumption and exports. The industry produces several food products such as meat, poultry, fisheries, fruits, vegetables, spices, milk and milk products, alcoholic beverages, plantations and grains.

Detailed explanation-3: -Cereal milling, fruit & vegetable processing, milk & milk products, beverages, fish, poultry, meat products etc are examples of food processing industries.

Detailed explanation-4: -Food processing is the transformation of raw ingredients into food, or of food into other forms (ie. food processing may denote direct manufacturing of food or value addition on existing food).