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Domestic food market assumed to grow through over 47% to touch USD 1,274 bn: File, ET Retail

.Agent ImageThe domestic grocery store is assumed to grow through over 47 per-cent to reach USD 1,274 billion through 2027, a file launched by the Organization of Indian Sector as well as sustained through Danfoss India stated. India's food processing industry finds impressive start-ups arising along with sophisticated innovation, the file labelled 'Food Processing Field in India - Possible for Southern States. as well as discharged through CII, CII SKIN (Fraternity of Indian Industry-- Food Items and also Farming Centre of Distinction) as well as Danfoss India, claimed. Danfoss India is a forerunner in home heating, air flow as well as air-conditioning as well as is the subsidiary of Denmark-headquartered engineering primary Danfoss. A number of the essential highlights of the record, which was discharged at the CII-FoodPro 2024 include the potential that southern states hold for food processing sector. "Tamil Nadu leads India's export of processing fruit products, extracts as well as almonds, along with a 33 per cent allotment through amount and also 27 per cent by market value, exporting 2,08,370 statistics tonnes worth USD 220.81 million in 2023-24," the record mentioned. The meals handling field in India sees ingenious startups arising with sophisticated modern technology, the record said. The study brings understandings on surfacing fads, modern technologies as well as export opportunities permitting companies to make educated choices and also tap into the market's potential South India's food processing market gets on the cusp of a change, with cutting-edge sections like millets, ready-to-eat and also plant-based dairy products alternatives unlocking a gold mine of financial opportunities for farmers. The recently released document shows, technology holds the essential to supercharging this development, making sure the best requirements of security as well as quality as well as driving India's exports onto the global stage," CII National Council for Cold Chain as well as Agri Logistics Leader Ravichandran Purushothaman mentioned. "At Danfoss India, our company are actually delighted to become a part of this transformative adventure, driving maintainable food handling solutions that will definitely mold the future of Indian farming and also food items industry," he claimed in a declaration on Sunday. During the course of the activity, Danfoss Optyma Load Shrinking Unit, a reliable and also energy-efficient solution for Bulk Dairy Air Conditioning and Cold weather Area applications was launched. "The Optyma Stuff Condensing Device is actually a game changer for India's dairy field and cool area apps. Its own unique layout and also reputable functionality are going to dramatically help in fulfilling our client's price and also durability objectives," Danfoss India Region Scalp of Temperature Solutions - Sales, Madhur Sehgal mentioned. The ingenious technology guarantees ideal milk temperature levels with reduced power consumption, which reduces the carbon impact, addressing essential milk handling obstacles as well as sustaining India's sustainable food items development targets, the statement incorporated.
Posted On Aug 11, 2024 at 12:27 PM IST.




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