Food Processing Industry in India

The Union Minister for Food Processing Industries Subodh Kant Sahai has said that India is set to witness the next revolution in Food Processing Industry. The Centre has set an investment target of rupees one lakh crore by 2015 in the sector. The sector is expected to grow by 20% and value addition to increase by 35% by 2015. Food Processing Industry is a potential source for driving the rural economy and is of great importance to an agrarian economy like India. – Source: PIB

Here’s a brief note on the Indian Food Processing Industry..

Indian Dairy Industry

Poor investments in the Dairy Industry in India is resulting in deceleration in growth of the sector. The sector had a growth rate of 4.25 per cent in the 8th Plan, 4.07 per cent in the 9th and 3.19 per cent only in the 10th Plan. In the 11th Plan, there is likely to be further deceleration.