India is the second largest producer of food in the world after China, and is set to become the largest producer within the coming years. With a large agricultural sector and cost competitiveness, India is fast evolving as a sourcing hub of processed food. The Indian sector is on an assured growth trajectory and has been accorded as one of the top 10 priority areas on the government’s agenda. Furthermore, in the advent of the grand ‘Make in India’ initiative, the investment opportunities for global players are immense. The local food producers are being challenged ever more by global brands that have sophisticated compliance norms and processes making them popular among consumers. At the local level, the market for processed and packaged foods has therefore become very competitive in the recent past.
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