Categories: Business

India’s Food Processing Industry Sees Robust Growth Under Make In India Initiative

India’s food processing industry is witnessing impressive growth, largely driven by the government’s Make in India initiative.

Recent data underscores the sector’s potential, with the gross value added (GVA) rising from ₹1.61 lakh crore in 2015-16 to ₹1.92 lakh crore in 2022-23.

This growth represents an average annual increase of approximately 5.35% over the past eight years, reflecting a positive trajectory for the industry.

In line with this expansion, the food processing sector has also contributed to job creation.

Employment within the industry grew from 17.73 lakh in 2014-15 to 20.68 lakh in 2021-22.

This increase in employment highlights the sector’s role in enhancing livelihoods and driving economic progress.

Make In India Fuels Sector’s Expansion

The government attributes much of the food processing sector’s growth to the Make in India scheme, which has prioritized local and indigenous food production.

The initiative has introduced various incentives that not only foster domestic talent but also encourage innovation and expansion within the food processing industry.

As a result, these efforts are benefiting the agricultural sector, which is navigating challenges such as uncertainties related to US tariff policies.

Positive Export Performance

Despite global challenges, government sources remain confident about the sector’s future. They point to the steadily increasing contribution of food processing to India’s export sector.

Also Read: India’s Ports Modernisation Efforts Accelerate Under Maritime India Vision 2030

In 2023-24, agri-food exports accounted for approximately 23.4% of total exports, up from 13.7% in 2014-15, showcasing the sector’s rising prominence in international markets.

Landmark Initiatives Revitalize The Sector

Several landmark initiatives have been crucial in rejuvenating the food processing sector.

Over the past year, the government launched 1,608 new projects, including the establishment of 41 mega food parks, 394 cold chain projects, and 75 agro-processing cluster projects.

These projects are designed to enhance farmer incomes, reduce agricultural waste, and increase processed food exports. Collectively, they aim to double the earnings of farmers, contributing to rural economic development.

Job Creation And New Industries Spur Growth

The initiatives have also created 2.84 lakh new jobs, further fueling the sector’s growth.

Additionally, the government is encouraging the production of emerging products such as makhana (fox nut), expanding India’s presence in the global superfood market and diversifying its economic base.

Pathway For Future Innovation

This remarkable growth story offers valuable insights into the future of India’s food processing industry.

With continued innovation and strategic investments, the sector is poised to become an even more significant player in both the national and global markets.

Richa Kaushik

Recent Posts

4415 Indians Evacuated From Iran And Israel Under ‘Operation Sindhu’: MEA

India evacuated 4,415 nationals from Iran and Israel under Operation Sindhu, the MEA said Friday,…

7 hours ago

PM Modi To Embark On Five-Nation Tour To Strengthen Global Partnerships

PM Narendra Modi will embark on a five-nation tour from July 2, visiting Ghana, Trinidad…

7 hours ago

Allahabad HC Directs UPPSC To Allow Petitioner A Scribe For PCS Main Exam

The Allahabad HC has directed the UPPSC to allow petitioner Sameer Khan to use a…

8 hours ago

Allahabad High Court Slams UP Officials For Defying Judicial Orders

The Allahabad High Court strongly rebuked three senior officials from Baghpat district, the Collector, SDM…

8 hours ago

Adani Group Becomes India’s Fastest-Growing Brand, Driven By Green Energy Focus

The Adani Group has emerged as India’s fastest-growing brand in 2025, registering a massive 82%…

9 hours ago

Pakistan: Flash Floods In Swat Sweep Away 18 Tourists; Claim Seven Lives

Flash floods struck Swat district, on Friday, sweeping 18 tourists, including women and children, into…

11 hours ago