Konsult – The Consulting Club of NIBM brings you white paper analysis of Food Processing Industry. India is a major producer of several agricultural food items in the world. Demand for processed food items is set to increase in India in the coming years and providing opportunities for greater value addition, lower wastages and alternative employment opportunities. India’s food processing sector is one of the largest in the world and its output is expected to reach $ 535 Bn by 2025-26. It lies at the heart of the Government of India’s Make in India initiative and resonates with PM Modi’s call for ‘vocal for local’. New initiatives like PMKSY, Formalization of Micro Food Processing Enterprises spend of around INR 100 lakh crore and INR 25 lakh crore to boost the rural economy have put the food processing sector on a high growth trajectory.
Let’s take a quick look at Food Processing Industries in India. Do share your thoughts in the comment.
Credits : Vamshi TG, Yash Lahariya, Abhishek Kumar Yadav
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