The Union Budget 2025 continues to uphold the government’s commitment to economic growth, rural development, and employment generation. A significant announcement in this year’s budget is the establishment of the National Institute of Food Technology, Entrepreneurship, and Management (NIFTEM) in Bihar, a move aligned with the ‘Purvodaya’ initiative aimed at boosting the development of Eastern India.
Boost to Food Processing Industry
Food processing plays a crucial role in ensuring food security, reducing post-harvest losses, and increasing farmers’ income. The establishment of NIFTEM in Bihar is a major step towards modernizing this sector in the Eastern region of the country. This initiative is expected to drive investment, enhance infrastructure, and create a skilled workforce to support food processing industries.
Key Benefits of the Initiative
- Enhanced Farmer Income – With improved food processing capabilities, farmers will be able to add value to their produce, reducing wastage and increasing profitability. This will empower small and marginal farmers and provide them with better market access.
- Entrepreneurship and Employment Generation – The institute will serve as a hub for research, innovation, and entrepreneurship in food technology. It will provide skill development and training to young professionals, fostering self-employment and job opportunities across the food processing value chain.
- Infrastructure Development – Along with the establishment of NIFTEM, ancillary infrastructure such as food parks, cold storage units, and logistics networks will be strengthened, ensuring seamless supply chain management and efficient processing facilities.
- Regional Economic Growth – Bihar and the broader Eastern region will witness economic expansion as investments flow into food processing units, attracting both domestic and international stakeholders.
A Step Towards Self-Reliance
The move aligns with the government’s broader vision of ‘Aatmanirbhar Bharat’ by promoting self-reliance in the food sector. By nurturing innovation and technology in food processing, the initiative will make Indian agricultural produce more competitive globally and ensure sustainable economic progress.
The Budget 2025’s focus on food processing, particularly through the establishment of NIFTEM in Bihar, highlights the government’s dedication to enhancing agricultural productivity, skilling youth, and driving economic growth. With increased value addition, better market linkages, and entrepreneurial opportunities, this initiative is poised to revolutionize the food processing sector and contribute to the prosperity of Eastern India.
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