Govt foresees ’explosive growth’ of Indian plant-based foods sector

image credit- PIB

Plant Based Foods Industry Association delegation meets MoFPI Minister

A delegation of the newly-formed Plant Based Foods Industry Association (PBFIA) met Prahlad Singh Patel, Minister of State for M/o Food Processing Industries (MoFPI), in New Delhi.

The delegation, led by the Association’s Executive Director, Sanjay Sethi, briefed the Union Minister on the state of the nascent but rapidly expanding plant-based food sector in India.

Noting that the sector was poised for explosive growth, Sethi sought the Union Minister’s guidance and support to turn it into a major industry catering to both domestic and global markets through policy changes, capacity building, enabling ease of business and other interventions. The global plant-based food market is expected to reach $77.8 billion in 2025.

Patel asked PBFIA to have a special meeting with the Ministry to discuss Cold Chain logistics and explore what can be done to smoothen daily parcel operations between major cities for the industry. Patel asked Gaurav Sishodia, AVP, Invest India, who was also present at the meeting, to collaborate with PBFIA for its various initiatives.

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