Food processing to reach $544 billion by 2020-21, India-Italy forum told

While India is witness to one of the fastest growing food processing industries, some interesting facts were highlighted at the India-Italy Business Forum on Food Processing, held in Mumbai. Food processing in India is expected to reach US$544 billion by 2020-21, whereas the food industry output is expected to reach US$535 billion in 2025-26.

The forum was themed- ‘Italian Solutions for easiest process’ with the visiting Italian delegation presenting technological solutions for Indian food processing companies. It was organized by The Italian Trade Agency along with Confederation of Italian Industry and the Confederation of Indian Industry (CII). The VC of National Institute of Food Technology Entrepreneurship and Management (NIFTEM) took this occasion to speak about the various initiatives taken by the government to boost the food processing sector in India. Stefani Costanza, Counsel General of Italy was very positive about the great opportunities in food processing for both India as well as Italy.

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Courtesy: FNBNews