Dynamite News India's food processing sector poised to reach USD 535 billion by 2025-26
Anita Praveen, secretary of the Ministry of Food Processing, emphasizBusinessed the pivotal role of research and development (R&D) in propelling the Indian food processing sector to greater heights. Read further on Dynamite News:
New Delhi: Anita Praveen, secretary of the Ministry of Food Processing, emphasised the pivotal role of research and development (R&D) in propelling the Indian food processing sector to greater heights.
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.
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As per Dynamite News Correspondent, "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.
The Secretary outlined the strategic advantages of the food processing industry, citing abundant availability of raw materials at competitive prices and burgeoning consumer demand both domestically and internationally.
"This sector has advantages of high raw materials availability at cheaper price, high consumer demands both in domestic and international markets.
This is the time to give a push to the food processing industry", Praveen said.
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Praveen also addressed the pressing issue of food wastage, emphasising the need for comprehensive waste management strategies at every stage, from farm to fork.
"Food processing serves as a critical link between farm and fork.
It acts as a catalyst for economic growth, generating employment opportunities and driving innovation across the food sector.
The role of food processing in providing safe, healthy and nutritious food has now taken centre stage," Hussain said.
With projections indicating an upward trend, India's food processing sector's output is expected to soar more than USD 600 billion by the fiscal year 2025-26.