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बेसिक इंग्लिश का दूसरा सत्र (कक्षा प्रारंभ : 22 अक्तूबर, शाम 3:30 से 5:30)
Indian Food Processing Sector to Grow Double Digit
Jun 04, 2014

The Indian food processing industry is all set to make a mark in the global market with an expected double digit growth. The ever-growing consumer demands have opened up huge investment opportunities for foreign and private entities in the food processing and equipment industry.

Rising incomes and urbanisation factors are driving profound changes in food processing sector. Indian agricultural sector accounts for 14.1 percent of India's GDP and 12.3 percent exports. Indian food processing sector employs around 13 million workers directly. High level of production of wheat and rice in the Northern Region of India have meant that procurement and storage by government and private agencies have opened vast potential for the food processing industry.

Specifically skilled workforce is key to take food processing sector to next levels of growth. Lot of supply chain bottlenecks and demand supply gaps need to be tacked to ensure smooth growth of the sector. With the growth of population and urbanisation, there is an increase in the demand and consumption in food processing sector. There will be an increased demand for processed food and thus the need for venturing into more and more value added products. Currently, while India is a big producer of food, exports still account for a small proportion and this is can be enhanced if all put focus on processed food industry. Various key aspects of the food processing sector are new foods, food retail opportunity, modern technology, supply chain, infra and logistics.


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