National Institute of Food Technology Entrepreneurship and Management Bill, 2021 has been passed by the Lok Sabha on July 26, 2021.
Now with the passing of this bill two educational institutes, the Indian Institute of Food Processing Technology (IIFPT), Tamil Nadu, and the National Institute of Food Technology Entrepreneurship and Management (NIFTEM), Haryana became the Institutions of National Importance (INI) under the Ministry of Food Processing Industries.
The bill explores to implement the instructions and research in food technology, entrepreneurship, and management as well as for the promotion of education, knowledge and dissemination of information in such categories.
Also, the Union Minister for Food Processing Industries Pashupati Kumar Paras expressed his gratitude to PM Modi for this landmark step.
What do the Institutions of National Importance (INI) mean-
- These institutes will have higher autonomy to start new and innovative courses along with the more eligible faculties,
- Good standards will also be used in academic and research work,
- The institutes will have curricular terms compared to the food processing areas such as, food bionanotechnology, cold chain technology which can additionally aid in meeting the technological gap,
- They can now also start new hubs anywhere in the country and outside. Along with this, providing them with the status of INI will also unique the way for the production of experienced humans strength,
- The Vice-Chancellor of (NIFTEM) stated that students can also be instructed globally in Food Science and Technology.
On the same date, the Lower House of Parliament also reaches the Factoring Regulation (Amendment) Bill, 2021 which points at supporting the MSME’s tide over difficulties of late payments as it attempts to increase the support of entities undertaking to factor.