food processing sector

July 16, 2026 5:14 PM

India’s food processing sector poised to become a $600 billion industry by 2030: Report

India's food processing sector is entering a value-led growth phase and has the potential to become a USD 600 billion industry by 2030, driven by higher value addition, innovation, technology adoption and export-led growth, according to a joint report by FICCI and Deloitte. Launched during FICCI Foodworld India 2026, the report states that the sector is undergoing a structural transformation from a supply-led, volume-driven ecosystem to a consumer-centric, value-focused growth engine. ...

May 21, 2025 11:46 AM

PLI scheme for food processing sector creates 2.5 lakh jobs, benefits nine lakh farmers

The Centre’s production linked incentive (PLI) scheme for the food processing sector has succeeded in attracting investments to the tune of Rs 7,000 crore and creating over 2.5 lakh jobs so far, according to a senior official of the Union Ministry of Food Processing Industries (MoFPI). "Till date, the ministry has funded almost 1,600 projects leading to the creation of 41 lakh tonnes of food processing capacity and benefiting almost nine lakh farmers," said Ranjit Singh, joint secretary, MoFP...

January 1, 2025 1:18 PM

NIFTEM-K unveils new technologies to boost India’s food processing sector

The National Institute of Food Technology Entrepreneurship and Management (NIFTEM-K) made remarkable strides in 2024, unveiling cutting-edge technologies to fuel growth in India’s food processing sector, as highlighted in a year-end review by the Ministry of Food Processing. Among the Institute's innovations are SARTHI Technology, which integrates advanced digital technologies with sensors, a hybrid drying process, and a biodegradable film made entirely without plasticisers. Additionally, NI...