![]() ![]() Deepak Bagla, CEO & MD Invest India OVERVIEW OF THE INDIAN FOOD PROCESSING SECTOR Download full report This report will give you a detailed overview of why the food processing sector in India is so exciting and I hope you will enjoy reading it. India is one of the largest producers of a range of agricultural products and as the global population grows, demand for made in India food is ever rising. More recently, boosting Prime Minister Modi’s AtmanirbharBharat vision,thescheme of Formalizationof Micro Food Processing Enterprises (FME) is being rolled out with an outlay of INR 10,000crore.īuoyed by such actions, India’s food sector attracted $ 4.18 Bn in foreign direct investment between April 2014-March 2020. The Pradhan MantriKisanSampadaYojna, for example, is a comprehensive package whichshall create modern infrastructure with efficient supply chain management from farm to retail outlet. New initiatives like a planned infrastructure spend of around INR 100 lakh crore (around $1 Trn) and INR 25 lakh crore to boost the rural economy have put the food processing sector on a high growth trajectory. It lies at the heart of the Government of India’s Make in India initiative and resonates with Prime Minister Modi’s call for ‘vocal for local’. 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. This rethinking and restructuring of the economy created room for growth and improvement in areas such as food and product retail. Under the leadership of Prime Minister Narendra Modi, India has spearheaded a range of efforts to introduce fundamental and modernizing changes to the economy such as increasing digital transactions, cutting red tape, increasing efficiency, introducing the Goods and Services Tax, among others. Great Places for Manufacturing in India.Production Linked Incentives (PLI) Schemes in India. ![]() Loan Guarantee Scheme for Covid Affected Sectors.Dadra and Nagar Haveli and Daman and Diu.Semiconductor and Display Manufacturing. ![]()
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