Many Global Equipment Manufacturers (GEMs) are already present in the country to address the needs of the food processing sector. The GEMs are operating in India, either with their own manufacturing base or in partnership or through joint venture. A manufacturing base in India will help GEMs to not only serve the domestic market in a cost effective manner but also help in access to a large growing Asian market. The present scenario of the food processing sector offers a huge opportunity for the global equipment manufacturing firms to set up a manufacturing base for machinery and equipment.
This report is an attempt to estimate the market size of the food processing equipment manufacturing in India over the next eight years, between the period 2017 to 2025. Thus projecting a view of the market and its growth potential. It is estimated that the market for plant and machinery in the food processing sector in the country in the year 2024-25 will be USD 51.41 billion as compared to the current value of USD 17.3 billion (2016-17). It was released at the World Food India 2017 held from 3 - 5 November at New delhi.