Context -

The Prime Minister recently launched the second edition of the 'World Food India 2023' event. The event's purpose was to present India as the global hub for food production and to commemorate 2023 as the International Year of Millets.

India's Food Processing Industry (FPI) Growth Highlights

Empowering Farmers and Entrepreneurs:

• Farmer Produce Organizations (FPOs) empower small-scale farmers.
• 2 lakh micro-enterprises organized to boost Small Scale Industries.
• Over 9 crore women are involved through Self-Help Groups (SHGs).

International Recognition:

• India showcased as the 'food basket of the world' at World Food India 2023.
• Celebrating 2023 as the International Year of Millets.

Remarkable FPI Growth:

• FDI investments of Rs 50,000 crore in the past nine years.
• Processed food contributes 23% to agri exports, a 150% increase.
• Processing capacity expanded to over 200 lakh metric tonnes.

Initiatives for Industry Boost:

• PM Kisan SAMPADA Yojana, One District One Product scheme, PLISFPI, and Eat right India movement promote FPI.