India’s food consumption to touch USD 1 trillion: President Ram Nath Kovind

Country’s food processing sector has ‘large business appetite’ to attract big-ticket investments: President Ram Nath Kovind

Published: 06th November 2017 03:44 AM  |   Last Updated: 06th November 2017 09:41 AM   |  A+A-

President Ramnath Kovind | File photo

Express News Service

NEW DELHI: Over the next eight years, India’s food consumption could touch $1 trillion, according to President Ram Nath Kovind. Speaking at the valedictory function of the World Food India, Kovind said, “Food is culture - but food is also commerce. India’s food consumption is currently valued at $370 billion. It is expected to reach $1 trillion by 2025, in less than a decade. There are opportunities across the entire food value chain in India.”

He noted that India’s food sector has “large business appetite” and the potential to generate employment for both women and large young population of India. It has all the ingredients to attract both domestic and foreign investors, he added.Areas such as post-harvest facilities, logistics, cold chains, and manufacturing offer huge opportunities, he said, adding that this is a major area for attracting domestic and foreign investment.

Focusing on food processing will not only reduce “unacceptable level” of food wastage but also help doubling farmers’ income, he noted.On a global scale, the market for Indian food products is massive, he said.

“It extends from 1.8 billion people in South Asia to a 30 million strong diaspora population, and to millions more in all parts of the world. As such, the opportunities in the Indian food industry should give you much to chew about. Please digest. And invest.”

The President said a focused emphasis on modern food processing can change things, adding that both investment and technological solutions are required to reduce food wastage. Close to 16 per cent of India’s guava crop is wasted, as are 10 per cent of the country’s mango and apple crops, he added.

Since women are deeply involved in the food sector, especially in rural areas, he said there is great potential for women to emerge as micro-entrepreneurs and raise overall female participation in the workforce. Exuding confidence that India can produce food products for both domestic and global markets, he said, “This would insulate both farmers and consumers from price shocks, and go a long way in ensuring remunerative incomes for the agricultural community.”

More from Business.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp