Food processing is sunrise sector which has a huge potential for employment generation, reduction of wastage, value addition, and foreign exchange earning and enhancing manufacturing Competitiveness. The Food Industry plays an important role in the national economy .In today's global market, quality and food safety have become competitive edge for the enterprises producing foods and providing services. "With proper investment in food processing, technical innovation and infrastructure for agriculture sector, India could well become the food basket of the world. The existing level of processing and the extent of value addition are very low as compared to other developing countries. To enhance the level of processing, value addition and reduction of the wastage by improving shelf life, it is mandatory to adopt broad based strategy by ensuring de-centralized participation of the stakeholders.
8 Nov 2011 – The Indian food processing industry stands at $135 billion and is estimated to grow with a CAGR of 10 per cent to reach $200 billion by 2015.