‘India losing Rs.40,000 crore in wastage of farm produce'
India is losing Rs. 40,000-crore possible revenue annually on its GDP due to lack of storage and packaging capacity for passing on fresh fruits and food from the farm to consumers, chairman of the Indian Institute of Packaging (IIP) A.V.P.S. Chakravarthi said here on Thursday.
Packaging was not just a corrugated box as being thought of generally but it was value addition and revenue practically, Mr. Chakravarthi said addressing a press conference.
He stated that the IIP was organising a three-day national packaging exhibition and national conference on modern trends in packaging food and pharmaceutical products, Indpack-2011, here from November 24 to 26.
The meet would focus on packaging for food processing and pharmaceuticals and was being held out of Mumbai for the first in the last 13 years.
It would bring on to a platform latest technologies in packaging in India and abroad, Mr. Chakravarthi stated.
Lack of storage and packaging capacity was resulting in wastage of 80 million tonnes of post-harvest fruits and food every year in the country and the wastage was equivalent to half of the European Union's fruit and food produce annually, he explained. Considered as the sunrise industry, Indian packaging industry had turnover of US$ 13.5 billion and it was expected to reach US$ 18 b by 2015 with 15 per cent annual growth rate, the IIP chairman noted.
In spite of huge improvement the per capital consumption of packaging material in India was 6.7 kg compared to 208.3 kg in France, 172.5 kg in Japan, 164.9 kg in Germany, 21 kg in Korea and 11.5 kg in China. Mr. Chakaravarthi explained. Deputy Director of IIP B.K. Karna and founder member of IIP S.S. Raju also spoke.