The food sector in India has successfully established its presence. India's food ecosystem offers huge opportunities for investments with stimulating growth in the food retail sector, favourable economic policies and attractive fiscal incentives. The Government of India through the Ministry of Food Processing Industries (MoFPI) is also taking all necessary steps to boost investments in the food processing industry. The government has sanctioned 42 Mega Food Parks (MFPs) to be set up in the country under the Mega Food Park Scheme. Currently, 17 Mega Food Parks have become functional.
By 2020, Indian Food and Retail market is projected to touch $828.92 bn, while the dairy industry is expected to double to $140 bn.
100% FDI in food processing sector in India is permitted under the automatic route.
100% FDI in food processing is allowed through government approval route for trading, including through e-commerce in respect of food products manufactured or produced in India.
Share in India's food market
Share in total employment
Share in India's exports
World’s largest producer, consumer & exporter of spices
World’s largest processor, producer and consumer of cashew nuts
World’s 2nd largest producer of food grains, fruits, and vegetables
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