India's food processing sector set to surge, eyes USD 535 biilion by 2025-26
The Business Guardian|April 08, 2024
Area nita Praveen, the secretary of the Ministry of Food Processing, emphasised the pivotal role of research and development (R&D) in propelling India's food processing sector to greater heights.
India's food processing sector set to surge, eyes USD 535 biilion by 2025-26

Speaking at the FICCI Scientific Symposium on 'Processed Foods for Purpose', Praveen highlighted the sector's significant potential for growth and its status as a priority area within India's agricultural landscape.

Praveen stated, "The Indian agriculture sector is witnessing a robust growth with record levels of production and Food Processing sector has become one of the priority sectors for growth." She added, "We have already reached high levels of growth with the resources we have. There is a need now for the food processing sector with R&D as focus for taking the sector to the next level."

She underscored the pivotal role of the food processing sector in driving economic growth and generating employment opportunities, particularly for micro and small enterprises.

"Food processing sector is one of the large investment generators, particularly for the micro and small sector and has the potential to bring more private investments," said Praveen.

"With the resources at our disposal, we have achieved substantial growth. Now, the focus must shift towards leveraging R&D to propel the sector to new heights," she remarked.

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