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.
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
The Processed food market is expected to grow to $543 bn by 2020 from $322 bn in 2016, at a CAGR of 14.6%
Food processing has an important role to play in linking Indian farmers to consumers in the domestic and international markets
The Ministry of Food Processing Industries (MoFPI) is making all efforts to encourage investments across the value chain
The industry engages approximately 1.77 million people in around 39,319 registered units with fixed capital of $29.2 bn and aggregate output of around $144.6 bn
The key sub-segments of the Food Processing industry in India are: Dairy, Fruits & Vegetables, Poultry & Meat processing, Fisheries, Food retail etc.
Egg production of around 88.1 billion during 2016-17 and total fish production in 2016-17 was 11.41 million tonnes
Food Retail market is majorly dominated by Food Grocery (growing at CAGR 25%) and Food Services (growing at CAGR 15%) segments
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