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By Author
Published on July 7, 2023
The recently-concluded International Conference on "Soy Foods: Sustainable Protein for Health and Wellness" has generated crucial recommendations for government support aimed at promoting soy food production, consumption, and entrepreneurship in India. The conference highlighted the widespread acceptance of soy foods as a valuable protein source in everyday diets across the country. Recognizing the potential of the soy food industry, participants put forth a series of recommendations urging government support to foster growth, innovation, and entrepreneurship in the sector.
The key recommendations include establishing standards for soy food products, including a representative from the Soy Food Promotion and Welfare Association (SFPWA) in relevant committees, addressing corrections to existing tofu standards, providing clarity on Goods and Services Tax (GST) rates for soy foods, reducing customs duty on soybean imports, seeking health claims from the Government of India, supporting promotional campaigns through media, including soy protein ingredients in incentive schemes, and implementing these recommendations to transform the soybean production landscape.
Renowned soy expert Ratan Sharma expressed confidence that the government's support in implementing these recommendations would contribute to the sustainable growth of the soy food industry, benefiting both producers and consumers. By harnessing the collective efforts of all stakeholders, India has the potential to establish itself as a leader in soy food production, consumption, and overall health and wellness.
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