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Sectors

Food And Beverage

Investing in India's food processing sector is highly attractive due to its robust growth trajectory and substantial government support. The sector, projected to grow at a CAGR of approximately 8% from 2022 to 2027, has demonstrated significant export potential, with processed food exports increasing from $4.9 billion in FY 2014-15 to $10.81 billion in FY 2023-24, marking a CAGR of 13%. Supported by initiatives like the Mega Food Park Scheme and the Production-Linked Incentive (PLI) scheme, the sector enhances infrastructure and connects farmers directly to markets. Additionally, the sector has attracted $12,955.90 million in FDI since April 2000, which represents 1.83% of India’s total FDI, underlining its economic importance.

The Indian food and beverage (F&B) packaged industry is expected to expand significantly, with its market size estimated to reach USD 46.3 billion by 2028, reflecting increasing consumer demand and sectoral advancements. As the world's largest producer of spices, India contributes 11.26 million tonnes of key spices annually, reinforcing its dominant position in the global market.

Sectorial Profilearrow-top-right
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Why Assam?

  • Assam’s abundant freshwater resources exemplified by the Brahmaputra River basin supports extensive agricultural activities ensuring a steady supply of fresh produce.
  • The State is the largest tea growing region in the world accounting for over 50% of India’s total tea production.
  • 2nd largest producer of pineapple and 3rd largest producer of Ginger in India with high recovery of Oleoresin Oil.
  • Enabling ecosystem with 69% of entire workforce involved in agricultural pursuits, higher than the national average of 54.6%.
  • State of the art support infrastructure like Mega Food Park, Cold Chain Infra and Industrial Parks for food and beverages industries.
  • The State has a ready ecosystem with presence of Global Brands in the Sector.
  • Government is actively supporting the agribusiness and food processing sector through initiatives like the UNNATI Scheme of the Central Government along with sector specific incentives under the Assam Industrial & Investment Policy creating a conducive environment for businesses to thrive in the state.

Opportunities for Growth in Assam

High-Value Tea Blending and Specialty Tea Processing

Spice Processing

Agri-Logistics and Warehousing (Cold Storage & Supply Chains)

Herbal and Medicinal Processing