1. MOFPI:- set up in the year1988 Union Minister:-Shri Sharad Pawar strategic role and functions are fall under three categories

2. Impact of Union Budgets on FPI 2001-02, excise duty reduced to 0 from 16% 2004-05, 100% tax reduction on profit for 5 years and 25% for next 5 years Fruits and vegetable processing industry 2007-08, grant up to 33.33% on Plant & Machinery (maximum of Rs.75 lakhs ). Food grain milling industry 2004-05, Excise duty on fish processing has been reduced from 16% to 8%. 2006-07, Excise Duty has been waived on fish processing. Marine product industry

3. 2004-05, Excise duty on meat and poultry has been reduced from 16% to 8% 2006-07, Excise Duty has been waived on meat and poultry poultry and eggs, meat and meat products 2004-05, Excise duty of 16% on dairy machinery has been reduced to 0% 2006-07, Excise Duty has been waived on condensed milk and ice cream 2008-09, Customs duty on bactofuges reduced from 7.5 % to 0% Dairy products industry 2003-04,excise duty on biscuits, boiled sweets, etc has been reduced from 16% to 8% 2007-08,Excise duty on biscuits reduced from 8% to 0% (< Rs100/1kg) 2007-08, ready to eat packaged foods fully exempt from excise duty. Bread, biscuits and other ready to eat food products 2004-05, Excise duty on food-grade hexane has been reduced from 32% to 16%. 2005-06, Excise duty of Re 1/kg on refined edible oil abolished. 2007-08, Custom duty on sunflower oil (crude) reduced from 65% to 50%. Edible oil industry Impact of Union Budgets on FPI

4. 2003-04, excise duty reduced from 32% to 24% 2006-07, Excise Duty reduced from 24% to 16% Aerated waters / soft drinks. 2006-07, duty on packaging machines is reduced from 15 % to 5 %. 2008-09, Excise duty reduced on specified packaging material and packing paper to 8% Packaging for food processing industries 2001-02, Automatic approval for foreign equity upto 100% is available 2003-04, customs duty on refrigerated truck has been reduced from 25% to 20% 2005-06, Customs duty on refrigerated vans reduced from 20% to 10% 2005-06,To ensure availability of credit:- FPI included in the list of priority sector for bank lending 2005-06, NABARD has created a refinancing window with a corpus of Rs.1000 crore 2007-08, Custom duty on food processing machinery reduced from 7.5% to 5% 2008-09, fund of Rs 5, 000 cr in NABARD to enhance its refinance operations 2010-11, External commercial borrowing facility available to the food processing industry Assistance to food processing industry Impact of Union Budgets on FPI