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India's maturing food processing industry, no longer in its infancy, holds the potential for a transformative journey aimed at minimising waste, increasing value, and propelling economic growth.
While government policies and support remain crucial, investments in infrastructure and innovation are essential to unlock the industry's full capabilities. An advanced food processing industry, equipped with cutting-edge processing techniques, plays a central role in waste reduction, value enhancement, promotion of crop diversification, improvement of farmers' income, creation of employment opportunities, and augmentation of export revenue. Moreover, it addresses critical challenges associated with food security, mitigates food inflation, and ensures nutritious food for the population. The industry needs to increase its Gross Value Added (GVA) contribution by 2047 to positioning India as a global leader in processed food exports, highlighting its pivotal role in shaping the country's economic future.
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Grant Thornton Bharat & NRAI report reveals 94% of restaurant operators plan expansion in Tier-II & III cities, highlighting consumer shifts, growth opportunities, and challenges in India’s F&B sector.
India’s food and beverage (F&B) industry is entering a defining phase. While metros have long dominated the sector, the real momentum lies outside the big cities. The F&B industry beyond metros is no longer a distant possibility—it’s a fast-unfolding reality. Tier-II and Tier-III cities are becoming vibrant consumption hubs where aspirations, affordability, and accessibility combine to reshape how India eats, dines, and spends.
The economy of Kerala is primarily driven by the services sector, which contributes 66% to the Gross State Domestic Product (GSDP).
