BRIGHT FUTURE AHEAD FOR INDIAN FOOD PROCESSING INDUSTRY
January 1st, 2010
BY RAGHAVENDRA
INTRODUCTION
"INDIA can emerge as a leader in the global food processing industry," said Indian Prime Minister Manmohan Singh in December 2009 while addressing a conference of food processing ministers of different Indian states in New Delhi, noting the country's US$100 billion food processing sector grew by 14.7% in 2009. With a 1.14 billion population, 7.1% GDP growth in 2009, 4.1% food consumption growth also last year (2009), expanding affluent classes and diverse agro-climatic conditions supporting production of a wide variety of ...
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