India’s massive food processing sector is on track to boom.
India’s massive food processing sector is on track to boom. Currently worth USD 39.71 Billion it is expected to grow to USD 65.4 Billion by 2018. Although the majority of food manufactured in India is consumed domestically, exports are rising with major sub-industries including grain milling, sugar, edible oils, beverages and vegetable products leading the way.
With its significant agricultural resources, abundant livestock and cost competitiveness, India is fast becoming a global hub for processed foods.