Nutraceuticals policy by Dec 2009, says food quality regulator
Mumbai: The Government is likely to announce
the first-ever nutraceuticals policy by December, a top
official of the country`s food quality regulator said.
"The Government has set up 8-committees to study issues
related to the Indian nutraceuticals market and hopes to
announce the first-ever policy framework by December," Food
Safety and Standards Authority of India (FSSAI) Chairman,
P I Suvarathan said, while speaking at an international
conference here today.
FSSAI has also invited suggestions from the industry on
the regulatory framework for nutraceuticals which means food,
or parts of food, that provide medical or health benefits,
including the prevention and treatment of diseases.
While presenting the FICCI-E&Y knowledge paper at the
conference --Ernst & Young Partner, Muralidharan Nair, pointed
out that the global nutraceuticals market is USD 117-billion
of which India has less than 1 per cent share but which is
growing at a CAGR of 18 per cent per annum."
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