Govt Announces Rs 1.02 Trillion Boost for Food Processing Sector

During the World Food India 2025 summit, held from September 25 to 28 at Bharat Mandapam, New Delhi, the Central government signed investment agreements worth over Rs 1.02 lakh crore for the food processing sector in India.

A flagship event of the Ministry of Food Processing Industries, it was inaugurated by the Prime Minister Narendra Modi and concluded on a historic note with signing of agreements by 26 companies that are Indian and global leaders in multiple sectors for a total of 68 projects.

Reliance Consumer Products, Coca-Cola System in India, Amul, Nestlé India, Tata Consumer Products, and Carlsberg India are some of the important signatories. Reliance Consumer Products declared a Rs 40,000-crore integrated food manufacturing unit for the setting-up of the project, whereas three Coca-Cola bottlers vowed ₹25,760 crore for their greenfield and brownfield projects.

Among others, companies such as Patanjali Foods, Haldiram Snacks, Godrej Agrovet, Dabur India, BL Agro Industries, Mrs Bectors Food Specialities, AB InBev, and the Indian Poultry Alliance issued MoUs.

Also Read: Godrej Agrovet Signs Rs 960 Cr MoU to Boost Food Processing

DuPont, on the other hand, will invest $170 million to build a new fermentation-grade corn-derived citric acid manufacturing plant in the state of Texas, the latest facility, to serve the global growth of the clean made in Indian states such as Gujarat, Maharashtra, Uttar Pradesh, Punjab, Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, Bihar, Odisha, West Bengal, and multiple northeastern states.

Union Minister for Food Processing Chirag Paswan said that the support of investors was today's biggest India's food processing industry who made the announcement that India was one of the biggest markets for the food processing sector is to be considered as one of the major drivers for our country's economic growth and employment of billions of people is going to be the result of it.