The Indian food industry, poised for massive growth, continues to increase its contribution to world food trade. In India, the food sector has emerged as a high-growth and high-profit sector, given its immense potential for value addition, particularly in the Food Processing Industry.
The Government, through the Ministry of Food Processing Industries (MoFPI), is making every effort to encourage investments in the sector. In this direction, several proposals for joint ventures (JV), foreign collaborations, industrial licenses, and 100 percent export-oriented units have been approved by the Government.