Food Processing – A Growing Necessity
The food industry of India is ranked among the largest in the country and 5th largest in terms of production, consumption and export. The industry though dominated by the unorganized sector, is estimated at about US$ 190 billion today and is likely to reach US$ 300 billion by 2015.
Food processing industry is set to open up a flood gate of opportunities in India in the background of increasing spending power of the Indian middle class. The food and grocery retailing today account for 62% of the total retail market.