Food processing has an important role to play in linking Indian agriculture to consumers in the domestic and international markets. India is one of the world’s largest producers as well as consumer of food products, with the sector playing an important role in contributing to the development of the economy. The Indian food industry is poised for huge growth, increasing its contribution to world food trade every year. In India, the food sector has emerged as a high-growth and high-profit sector due to its immense potential for value addition, particularly within the food processing industry.
Accounting for about 32 per cent of the country’s total food market. India's food processing sector has the potential to attract USD 33 billion (about Rs 2.14 lakh crore) in investments by 2024. Food processing sector is indispensable for the development of the economy. It helps to commercialize farming which gives farmers the opportunity to diversify and increase their income and generates employment.
The Food Processing industry is poised for huge growth, increasing its contribution to world food trade every year. In India, the food sector has emerged as a high-growth and high-profit sector due to its immense potential for value addition, particularly within the food processing industry.
Food and grocery account for around 31 % of India's consumption basket. The Government of India has been instrumental in the growth and development of the food processing industry. In India, the food sector has emerged as a high-growth and high-profit sector due to its immense potential for value addition, particularly within the food processing industry.
Food processing industry in India is a sunrise sector that has gained prominence in the recent years. Availability of raw materials, changing lifestyles and appropriate fiscal policies has given a considerable push to the industry’s growth.