Chirag Paswan Highlights Growth Potential of India’s Processed Food Industry on Global Stage

Team Finance Saathi

    22/Jan/2025

What's covered under the Article:

  1. India’s processed food exports have grown from 13-14% to 23-24% in the last decade.
  2. Chirag Paswan emphasizes the sector’s potential to enhance farmer livelihoods and rural entrepreneurship.
  3. Focus on global recognition for Indian food brands, including spices, in the international market.

At the World Economic Forum (WEF) Annual Meeting, Union Minister of Food Processing Industries, Mr. Chirag Paswan, pitched for expanding India’s processed food sector in international markets, stressing the vast growth potential of this industry. The Minister, who has been entrusted with this important portfolio by Prime Minister Narendra Modi, views the growth of the food processing industry as a vital responsibility that aligns with India’s broader agricultural economy goals. His vision includes leveraging the sector to support farmers’ livelihoods and create entrepreneurial opportunities in rural India, especially by enhancing post-harvest solutions that have made remarkable progress over the last decade.

The Minister pointed out that Indian flavours, particularly spices, have been well-appreciated globally for centuries. This recognition provides an excellent platform to elevate Indian food products worldwide. The growing global demand for processed foods is evident, with Indian food exports increasing from 13-14% of total production to 23-24% over the past decade. This surge in exports reflects the potential of India’s food processing industry to expand its footprint in global markets, offering products that cater to changing tastes and dietary preferences around the world.

Chirag Paswan expressed his commitment to further promoting Indian food brands on the international stage, ensuring that they receive the global recognition they deserve. He highlighted the significant role of the food processing sector in the economic development of India, particularly in boosting rural entrepreneurship and enhancing farmer incomes. Through the integration of advanced technologies and innovative post-harvest solutions, India has the opportunity to increase its processed food exports and strengthen its position in the global food processing market.

The Minister’s vision is aligned with India’s broader goal of becoming a developed nation by 2047, with a key focus on achieving self-reliance in food processing. By tapping into global demand, India can play a critical role in food security, nutrition, and agricultural transformation, leading to inclusive economic growth. Furthermore, the growth of the food processing industry is seen as a major opportunity for generating employment and reducing food wastage, thus improving overall sustainability within India’s food systems.

In conclusion, the expansion of India’s processed food sector represents a powerful tool for driving economic change, with the potential to create an ecosystem of innovation, sustainability, and global competitiveness. This aligns with the Atmanirbhar Bharat vision, showcasing India’s growing role as a major player in the global food market.


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