New Delhi
\nIndia\u2019s food consumption is likely to touch $1 trillion by 2025 and the country\u2019s entire food value chain offers huge opportunities for both domestic and foreign investors, President Ram Nath Kovind said today.<\/p>\n
It is a sector with \u201clarge business appetite\u201d and has potential to generate employment for both women and large young population of India, he said.<\/p>\n
Focusing on food processing will not only reduce \u201cunacceptable level\u201d of food wastage but also help doubling farmers\u2019 income, he added.<\/p>\n
Speaking at the valedictory function of the World Food India, Kovind said, \u201cFood is culture \u2013 but food is also commerce. India\u2019s food consumption is currently valued at $370 billion. It is expected to reach $1 trillion by 2025, in less than a decade. There are opportunities across the entire food value chain in India.\u201d<\/p>\n
There are huge opportunities in areas such as post-harvest facilities, logistics, cold chains, and manufacturing, he said, adding that this is a major area for attracting domestic and foreign investment.<\/p>\n
On a global scale, the market for Indian food products is massive, he said and added, \u201cIt extends from 1.8 billion people in South Asia to a 30 million strong diaspora population, and to millions more in all parts of the world. Stating a focused emphasis on modern food processing can change things, the President said both investment and technological solutions are required to reduce food wastage which at present is at regrettable levels.<\/p>\n","protected":false},"excerpt":{"rendered":"
New Delhi India\u2019s food consumption is likely to touch $1 trillion by 2025 and the country\u2019s entire food value chain offers huge opportunities for both domestic and foreign investors, President Ram Nath Kovind said today. It is a sector with \u201clarge business appetite\u201d and has potential to generate employment for both women and large young […]<\/p>\n","protected":false},"author":1,"featured_media":9514,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[312,315],"tags":[],"class_list":["post-9513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-india","category-top-stories"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/9513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=9513"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/9513\/revisions"}],"predecessor-version":[{"id":9515,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/9513\/revisions\/9515"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/9514"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=9513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=9513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=9513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}