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The Indian food processing sector is estimated to clock double digit growth, opening up huge investment opportunities for foreign and private entities, Rajesh Srivastava, CMD, Rabo Equity Advisors, said.
Addressing the Conference on Future of Food Processing, organised by the Confederation of Indian Industry (CII) here, Srivastava said there were vast opportunities for marketers, hoteliers and restaurateurs to capitalise the growing demand.
Divyaroop Bhatnagar, MD, YFactor Marketing Pvt Ltd, said rising incomes and urbanisation were the driving factors changing the sector. “High level of production of wheat and rice in the Northern Region have meant that procurement and storage by government and private agencies have opened vast potential for the food processing industry," he added
Abhiram Seth, Former Executive Director, Pepsico India & MD, Aquagri Processing (P) Ltd, highlighted the need for skilled workers in the sector to take it to the next levels of growth. He also said supply chain bottlenecks and demand-supply gaps need to be tackled to ensure growth in the sector.
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