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Modi government's push for food processing sector to emerge as a global food processing hub

India's food processing sector is witnessing rapid growth, driven by a robust agricultural base, rising domestic demand, and supportive government policies. The sector has attracted significant foreign investment, with over $6.7 billion in equity inflow from 2014 to 2024, and is projected to more than double its market size by 2030. Government initiatives, including the Make in India program and various schemes by the Ministry of Food Processing Industries, have fostered infrastructure development, investment, and export growth. The sector now contributes substantially to the national economy, employing millions and accounting for a notable share of exports and industrial investment. With continued focus on infrastructure, technology, and market linkages, India is poised to become a global leader in food processing, offering promising opportunities for both domestic and foreign investors.

Original article source: https://timesofindia.indiatimes.com/blogs/truth-lies-and-politics/modi-governments-push-for-food-processing-sector-to-emerge-as-a-global-food-processing-hub/
Source Id: 8826244285

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