Food Processing Tech Asia 2016
India is the world’s second largest producer of food next to China but accounts for less than 1.5% of International Food Trade. The Indian Food Sector is poised for a rapid growth and has potential to become reliable outsourcing partner in the Food Industry given its strength in primary Food Sector.
The Indian Food brands are now rapidly increasing finding prime shelf space in the retail chains across US and Europe. Indian food processing and technology industry is widely recognized as a ‘sunrise industry’ having huge potential for uplifting agricultural economy, creation of large scale processed food manufacturing and food chain facilities, and the resultant generation of employment and export earnings.
The industry is estimated to be worth around US$ 67 billion and employing about 13 million people directly and about 35 million people indirectly. The food processing sector in India is geared to meet the international standards.