Volume : IV, Issue : VII, July - 2015

FOOD PROCESSING INDUSTRY IN INDIA AND FOREIGN DIRECT INVESTMENT

D. Lavanya Kumari, Prof. K. Santha Kumari

Abstract :

 There has been diversification of Indian diets away from food grains to high value products like milk, meat products, vegetables and fruits. Food–processing industry has been registering good growth since the past few decades and particularly after nineties. The conditions are now ideal for the growth of this industry. The food processing Industries was set up in July 1988 to give an impetus for development of food processing sector in the country. The food processing industries are concerned with formulation and implementation of the policies and plans within the overall national priorities and objectives with the surplus production of cereals, fruits, vegetables, milk etc. The ministry acts as catalyst for inging in greater investment into this sector, guiding and helping the industry and creating a conducive environment for healthy growth of the food processing industry.The Indian food processing industry stands at $135 billion and is estimated to grow with a CAGR of 10 percent to reach $200billion by 2015.The food processing industry contributed 7 percent to India’s GDP. The industry employs around 13 million workers directly and about 35 million in directly. India ranks No.1in the world in production of milk, pulse,ginger, bananas and mangoes. Further India ranks No.2 in the world in production of rice,wheat, potatoes, groundnuts and cauliflower etc,.

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

D.LAVANYA KUMARI, PROF.K. SANTHA KUMARI Food Processing Industry in India and Foreign Direct Investment International Journal of Scientific Research, Vol : 4, Issue : 7 July 2015

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