The Food Processing Industry in India: Investment Prospects

 

India is the second largest food producer in the world after China. According to government estimates for the fiscal year 2019-20, the country’s total food market valued at US$39.71 billion and is projected to double in the next 10 years.  

Having successfully attained self-sufficiency in food, India benefits from marginal surplus in production, and is among the leading global producers of fruits and vegetables, milk, cereals, and wheat. 

Investment prospects for food processing in India

Despite its strong agricultural production base, a significant amount of food produce gets wasted in India due to inadequate infrastructure such as packaging facilities, storage, transportation, cold chain, and low levels of processing. According to the Ministry of Food Processing Industry (MoFPI), post-harvest losses account for US$1.5 billion (Rs 92,000 crores) annually. 

Comments

  1. AwotechMay 8, 2023 at 5:06 AM

    Thanks for sharing nice information, contributions of cold storage manufacturers in India are transforming the agricultural landscape and strengthening the food supply chain With their continued efforts, India can boost its agricultural productivity and emerge as a global leader in cold storage technology. Their dedication to quality, innovation, and sustainability is commendable and plays a crucial role in minimizing food waste, supporting farmers, and ensuring food security for the nation.
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  2. Kim Nguyễn CorporationMarch 1, 2024 at 11:13 PM

    Very interesting , thanks for sharing such a good blog.

    ReplyDelete
  3. AnonymousDecember 3, 2024 at 3:58 AM

    Thanks for suggestion and acknowldgement means a lot

    ReplyDelete

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