A joint study carried out by the Associated Chambers of Commerce & Industry of India (Assocham) and Grant Thornton has stated that Indian food processing sector has the potential to attract $33 billion investment and generate employment of 9 million persons’ days by 2024. It also said that there is a huge scope for large investments in food processing technologies, skill development and equipment as total food production in India is estimated to double in next 10 years. According to the joint study, Indian food and retail market is projected to touch $482 billion by 2020 from $258 billion in 2015.
The joint study titled, ‘Food processing sector-Challenges & growth enablers,’ suggested that while the sector provides opportunity for growth, it needs to focus on product conformity with global standards and quality together with factors like logistics traceability and safety, quality of packaging and delivery. It also said that there is a need for policy intervention and field level changes for India to develop global competitiveness in many related sub-sectors and ensure that they are firmly entrenched in global value chains.
Assocham-Grant Thornton study stated that fast growth in food processing and simultaneous improvement in the development of value chain are of great importance to achieve favourable terms of trade for India’s agriculture sector both in domestic and international markets. It said given the trade in production of food commodities, the food processing industry in India is on an assured track of growth and profitability. It added that even marginal reductions in post-harvest losses of fruits and vegetables, which are at about 25-30%, will give better returns and improve farmers' incomes.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: