Food Processing Market In India
Punjab received Rs 1200 crore investment in the food processing sector. Such various sponsorship and initiatives by the Indian government have helped the industry to grow at a fast pace. The upcoming development projects and market trends in the food processing industry have played a crucial role in contributing to India’s social and economic growth. The food processing industry is expected to reach a compound annual growth rate CAGR of ~11.5% by the year 2023. This will make the industry to reach a value of INR 14,972.9 Billion. Indian food processing industry in India ranks fifth for its production and experts. As the economy holds a huge good infrastructure and diverse agro-climatic conditions which makes India one of the largest food processing hubs. Hindustan Unilever Limited, PepsiCo India Holdings Private Ltd, Cadbury India, Nestle India Limited and several other international market players who are investing in the Indian market. Ther...