Speaking at the valedictory function of the World Food India on Sunday, President Ram Nath Kovind said that India’s food consumption is likely to touch $ 1 trillion by 2025, and the country’s entire food value chain offers huge opportunities for both domestic and foreign investors. ,”

“India’s current food consumption is valued at US 370 billion, and the increase is expected in less than a decade. It is a sector with “large business appetite” and has the potential to generate employment for both women and the youth,,” he said.

Areaslike post-harvest facilities, logistics, cold chains, and manufacturing, he said, majorly pull in various investment opportunities. “This would insulate both farmers and consumers from price shocks, and go a long way in ensuring remunerative incomes for the agricultural community,” he added.

According to Kovind, the market for Indian food products on a global scale extends from 1.8 billion people in South Asia to a 30 million diverse population. “A focused emphasis on modern food processing, and both investment as well as technological solutions can reduce the food wastage,” he added.

Terming the mega food event as “Kumbh mela” of Indian food, the President said the outcome of the three-day event should lead to a time-bound plan to reduce, if not eliminate crop wastage.

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