Indian food processing industry to attract $33 bn investment by 2024: Study

Indian food processing sector has potential to attract $ 33 billion of investment and generate employment of 9 million persons days by FY 2024, according to an Assocham-Grant Thorton joint study. 

The food processing is a key contributor to employment generation in India. The policymakers have identified food processing as a key sector in encouraging labour movement from agriculture to manufacturing. By 2024, food processing sector is expected to employ 9 million people in India and expected to generate about 8,000 direct and 80,000 indirect jobs in the state, stated the study. 

According to the study, Indian food processing industry is pegged