FOOD PROCESSING INDUSTRY
Food processing Industry is critical to India’s development, and India is one of the world’s largest producers and consumer of food products, with the sector playing an important role in contributing to the development of the economy. In past few years, India has witnessed strong growth. Due to the growing income of middle class population, there has been a positive impact on consumer spending and consumption in both rural as well as urban areas. Mr. Manoj Kumar Vice President +919910688433 manoj@indiacp.com The total food production in India is expected to double in the next ten years and there is ample opportunity for huge investments in food and food processing technologies, skills and equipments which thereby increases the scope of food processing industry in India. The food processing industry in India stands at US$ 135 billion and is projected to grow with a compound annual growth rate (CAGR) of 10 per cent to reach US$ 200 billion by 2015. The food industry is...