ASSOCHAM says Indian food processing sector has billion dollar potential

Q.  India's food processing sector has the potential to attract $33 billion investment by 2024, according to a study by which trade body?
- Published on 22 Nov 17

a. ASSOCHAM
b. Nasscom
c. FICCI
d. IMC

ANSWER: ASSOCHAM
 
ASSOCHAM says Indian food processing sector has billion dollar potentialIndia's food processing sector has the potential to attract $33 billion investment by 2024, according to a study released here on 20thNov 2017 by ASSOCHAM.

The country's food and retail market is expected to touch $482 billion by 2020, up from $258 billion in 2015, with recent reforms making the sector more competitive and marke-oriented, it said.

ASSOCHAM: Know More
  • The Associated Chambers of Commerce and Industry of India (ASSOCHAM) is one of the apex trade associations of India.
  • The organisation represents the interests of trade and commerce in India, and acts as an interface between industry, government and other relevant stakeholders on policy issues and initiatives.
  • The goal of this organisation is to promote both domestic and international trade, and reduce trade barriers while fostering conducive environment for the growth of trade and industry of India.

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