What type of Processed Food Manufacturing Business Startup Ideas,......

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What type of Processed Food Manufacturing Business Startup Ideas are good for New Entrepreneurs with Small Investment? Start a Food Processing Unit in India

The food processing industry is a mature sector which is experiencing a turbulent period due to the growing global demands for food safety, increasing food insecurity and consumer demand for higher quality and sustainability.

The link between the consumers and manufacturers of processed foods is fed by the individualistic nature and the high incomes of the urban society. Information, communications, technology, and research and development have played a huge role in fueling the processed foods industry across the globe. Realizing the potential of processed foods in the expanding food and beverages industry, agri-food businesses have been evolving to cater to changing consumer preferences, regulatory environments, and market pressures. This innovative segment of the food industry has been bringing about a balance between providing consumers good quality and tasty food products, fruits, and vegetables and protecting their health.

With a massive food market that is fast expanding, exciting growth in the retail sector and attractive economic policies and fiscal incentives, India's food ecosystem is the place to be in. Food sector has emerged as high growth and high-profit sector due to its immense potential for value addition, particularly within the food processing industry. The Industry is rapidly expanding with 42 mega food parks being set up with an allocated investment of USD 2.3 bn.

•By 2020, Indian dairy industry is expected to double to USD 140 bn

•By 2020, Indian food and retail market is projected to touch USD 482 bn

•By 2020, food processing sector has the potential of attracting USD 33 bn of investment in coming years  

•By 2030, Indian annual household consumption to treble, making India 5th largest consumer

•100% FDI is permitted under the automatic route in food processing industries

•100% FDI is allowed through government approval route for trading, including through e-commerce in respect of food products manufactured or produced in India.

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