Let’s Moderate secures Rs 1 Cr investment to revolutionise dietary health
“The industry has reasons to be optimistic about this year’s Union Budget and hoping it builds on the positive steps from last year. We’re expecting that this Budget will prioritize boosting high-yielding, climate-resilient crops and natural farming practices. These measures can go a long way in supporting the government allocation of Rs 1.52 lakh crore to agriculture and allied sectors as announced in the previous budget said Gaurav Grover, CEO, ofi India.
As we look ahead to the upcoming Union Budget, the food processing industry has high hopes for measures that can enhance the ease of doing business. Simplified tax processes, reduced complexities in regulations, and faster GST refunds could be game changers in the food ingredient manufacturing sector, enabling smoother operations, and enhancing competitiveness. Better infrastructure—like improved logistics, cold chain facilities, and connectivity—would also go a long way in cutting transportation costs, and ensuring products move efficiently across the supply chain.
With a growing focus on increasing disposable income for the middle class, we also hope for initiatives that drive growth in domestic demand, which will fuel opportunities for high-quality, processed food products. These initiatives have the potential to bring multiple benefits to the sector: lower raw material costs, develop new market opportunities, improve access to credit, extend product shelf life, and even facilitate exports. The food and beverage ecosystem has much to gain if these priorities are addressed.”