The industry has demanded the sector be levied with minimum tax under the GST regime to fuel growth and attract investments, he said.
Addressing an international conference on 'India Farm 2 Fork 2016', Special Secretary in the Food Processing Ministry J P Meena assured the industry that there will not be any adverse impact of GST regime on the sector.
"The GST regime is unlikely to adversely affect this sector with higher taxation slabs, as the available indication suggests that it would continue to be taxed at existing rates even post GST," a statement issued by PHD Chamber quoted Meena as saying during the event.
In future, she said the government would take more initiatives to make this sector more vibrant and put on global map, she was quoted as saying in the statement.
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He called upon the industry to manufacture quality processed foods which are accepted in global markets, besides asking the food safety regulator to streamline standards in this regard.
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