The minister of state for food processing industries, Harish Rawat, said in Rajya Sabha, "There has been a steady rise in the exports of processed foods up to the year 2008-09. In 2009-10, a decline was noticed which was primarily due to global recession. However, in 2010-11 there are signs of slight increase in the export of processed foods."
As per the competitiveness report of National Manufacturing Competitiveness Council (NMCC), there were 25, 367 registered food processing units in the country whose total invested capital was Rs 84,094 crore. The annual turnover was Rs 2,04,267 crore. The annual average growth rate of the food processing sector was 7% in 2004 which had gone up to over 14% in 2010.
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