The Indian food processing industry accounts for 32 per cent of the country’s total food market, one of the largest industries in India and is ranked fifth in terms of production, consumption, export and expected growth. It contributes around 8.80 and 8.39 per cent of Gross Value Added (GVA) in Manufacturing and Agriculture respectively, 13 per cent of India’s exports and six per cent of total industrial investment. The Indian gourmet food market is currently valued at US$ 1.3 billion and is growing at a Compound Annual Growth Rate (CAGR) of 20 per cent. India's organic food market is expected to increase by three times by 2020.
India is the world’s second–largest producer of fruits and vegetables. India enjoys a similar stature in the production of marine products, and meat and poultry. India is the single largest producer of milk in the world, with the production estimated at 137.7 MT.
The Government of India aims to boost growth in the food processing sector by leveraging reforms such as 100 per cent Foreign Direct Investment (FDI) in marketing of food products and various incentives at central and state government level along with a strong focus on supply chain infrastructure.
As per DIPP, the food processing sector in India has received around US$ 7.54 billion worth of Foreign Direct Investment (FDI) during the period April 2000-March 2017.
The FICCI Food Processing division plays a key role in dealing with policy issues to get an audience with the government and make industry’s voice heard. It has been working very closely with industry members for the growth and business sustainability of the food industry. Presently, FICCI is leading the industry voice in addressing concerns hovering around Plastic Waste Management, Legal Metrology Amendment Rules which if implemented can have significant impact on sustainability of food businesses.
Currently processed food products including the HFSS products are perceived unhealthy at large. FICCI is proactively advocating on this issue with the regulator in consultation with all stakeholders to ensure it gets implemented in accordance with industries expectation and should not go against ‘ease of doing business’.
Apart from policy advocacy role, the division also organises its annual flagship conference - FOODWORLD India- The Global Convention for Food Business & Industry; releases knowledge paper; work towards trade facilitation and investment promotion and liasoning with international organisations