India's food processing MSMEs struggle under heavy compliance burden: Report
New Delhi, May 13 -- India's food processing industry, dominated by micro, small and medium enterprises (MSMEs), is facing mounting pressure from high compliance costs, overlapping regulations and frequent policy changes, according to a report by TeamLease RegTech.
The report said food processing businesses operate within a multi-layered framework involving central, state and local authorities, making compliance a continuous and resource-intensive exercise.
According to the report, a typical mid-sized multi-state food processing enterprise is subject to over 3,285 unique compliance obligations, which rise to 11,554 annual compliance actions when filing frequencies are taken into account.
These cover food safety, labour welfare, taxatio...
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