Significant Growth in India's Food Processing Sector Revealed in Latest Report

The Ministry of Food Processing Industries reported notable advancements in India's food processing sector over the past decade. Gross Value Added increased from Rs. 1.34 lakh crore in 2014-15 to Rs. 2.24 lakh crore in 2023-24, signifying robust growth. Foreign Direct Investment reached USD 7.33 billion, while processed food exports expanded to 20.4% of agri-exports. Numerous projects under MoFPI schemes and the PM Kisan SAMPADA Yojana support this growth, including food parks and micro food processing initiatives.

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