KGaA in a report on Wednesday, December 1st. Jefferies Financial Group set a €56.00 ($63.64) price target on Fresenius Medical Care AG & Co. KGaA in a report on Tuesday, November 2nd. Barclays set a €73.00 ($82.95) price target on Fresenius Medical Care AG & Co. Several other equities research analysts also recently weighed in on the company. KGaA (ETR:FME) in a report published on Tuesday, Borsen Zeitung reports. set a €48.70 ($55.34) price target on Fresenius Medical Care AG & Co.
Owing to these challenges the unorganised food processing sector contributes much less in terms of value addition and output despite its huge potential.JPMorgan Chase & Co. These challenges include lack of access to modern technology & equipment, training, access institutional credit, lack of basic awareness on quality control of products and lack of branding & marketing skills etc. The unorganised food processing sector faces a number of challenges which limit their performance and their growth. Nearly 66% of these units are located in rural areas and about 80% of them are family-based enterprises supporting livelihood rural household and minimizing their migration to urban areas. The unorganized food processing sector comprising nearly 25 lakh units contribute to 74% of employment in the food processing sector. Support for marketing & branding would be provided to develop brands for micro-units and groups with 50% grant at State or regional level which could benefit a large number of micro-units in clusters. FPOs/ SHGs/ producer cooperatives would be provided a credit-linked grant of 35% for capital investment along the value chain. 40,000/- per SHG member would be provided for working capital and purchase of small tools. Existing Individual micro food processing units desirous of upgradation of their unit can avail credit-linked capital subsidy of the eligible project cost with a maximum ceiling of Rs.10 lakh per unit. The Scheme also place focus on waste to wealth products, minor forest products and Aspirational Districts. An illustrative list of such products includes mango, potato, litchi, tomato, tapioca, kinnu, bhujia, petha, papad, pickle, millet-based products, fisheries, poultry, meat as well as animal feed among others. The ODOP product could be a perishable produce based product or cereal-based products or a food product widely produced in a district and their allied sectors. The States would identify food product for a district keeping in view the existing clusters and availability of raw material. The Scheme adopts One District One Product (ODODP) approach to reap the benefit of scale in terms of procurement of inputs, availing common services and marketing of products. The expenditure under the scheme would to be shared in 60:40 ratios between Central and State Governments, in 90:10 ratios with NE and the Himalayan States, 60:40 ratio with UTs with the legislature and 100% by Centre for other UTs. It is a centrally sponsored scheme to be implemented over a period of five years from 2020-21 to 2024-25 with an outlay of Rs 10,000 crore. It aims to provide financial, technical and business support for upgradation of existing micro food processing enterprises. Q.What is the PM FME Scheme? Discuss its potential to neutralize various challenges faced by India’s unorganized food industries. The Ministry for Food Processing Industries (MoFPI) has launched the PM Formalization of Micro Food Processing Enterprises (PM FME) as a part of “Atmanirbhar Bharat Abhiyan”. Mains level : Food processing industry and the required reforms From UPSC perspective, the following things are important :
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