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India: KPMG India calls for PPP model to spur food processing May 04,2021   |  Source: FNB News

KPMG India sees that Government partnership with private players through appropriate PPP models may be considered to ensure a faster scale up of quality infrastructure in the food processing sector. The pandemic has given rise to a new normal with sustainable food chains, growing preference for healthy food and localised food supply with increased trade barriers.Hence a focussed approach with collaboration from diverse stakeholders is required for catalytic growth of the industry. An inter-ministerial committee led by MoFPI and consisting of various ministries may be constituted to bring various stakeholders together in a co-ordinated manner, noted KPMG in its report titled, ‘Indian food processing industry – growth opportunities post the Covid-19 pandemic'.In the post Covid-19 era, there is likely to be a surge in non – tariff measures including stringent Sanitary and Phytosanitary Measures (SPSs) and Technical Barriers to Trade (TBT) by major economies to ensure food safety against transmitted chemicals and diseases.Significant shift from non-sustainable food systems to environmentally sustainable food systems across the entire value chain for food processing will be seen.Demand for foods perceived to be healthy such as organic food and related products is likely to

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