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• The Food
Processing Industry in India is on an assured track of growth
and profitability over the coming decades. It is estimated that
it will attract phenomenal investment-capital, human,
technological and financial of over Rs.1, 40,000 crores in the
next decade.
• Changing
Lifestyle with traditional joint family systems giving way to
‘nuclear families’ where husbands and wives are both working,
demand for ‘packaged & preserved’ food products is simply
rising. Very soon, the vast sector of fast foods, ready meals,
snacks and processed foodstuff will hold the centre stage.
• Rapid
urbanisation, increased literacy, rising per capita income and
western influence have all caused rapid growth and changes in
demand patterns, leading to tremendous new opportunities for
exploring the large latent food processing sector.
• An
average Indian spends about 50% of household expenditure on food
items.
• India
has got ready demand for processed food products since it is
considered to be one of the biggest emerging markets, with over
900 million populations and a 250 million strong middle class
population.
• India as
well as West Bengal has identified food processing as one of the
thrust areas. Proactive West Bengal government is determined to
bring about rapid investment in this sector and therefore eager
to meet specific needs of the investors.
•
Liberalised overall policy regime, with specific incentives for
high priority food processing sector, provide a very conducive
environment for investments and exports in the sector.
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