Karnataka, a flourishing Indian state, offers a fertile ground for opportunities and innovation. Its strategic location and supportive ecosystem, combined with a skilled workforce, favorable policies, and robust infrastructure, create an ideal environment for businesses and entrepreneurs to thrive and shapе the future.

The State’s agro-based industries are widespread, with a significant number of 54,905 agro-processing units operating across all 30 districts. These units, primarily in the MSME sector, have invested Rs. 4,42,879 Lakhs and employ 3,24,148 people as of 31.03.2015. Notably, the region hosts major players like ITC, Nestle, Gujarat Ambuja, Brittania, Parle, and Cargill India in the agribusiness and food processing sector, contributing to its overall growth and development.

The State’s efforts to bolster the food processing industry through subsidies, policies, and programs are commendable. By tailoring these initiatives to address Karnataka’s unique profile and geographical conditions, the government can effectively target different food processing segments, ultimately driving growth and development within the industry. While India’s food and beverages market recorded a growth at a CAGR of 6.92% between 2017 -22, it is forecasted that this growth will see an increase to 9.94% from 2022-27.

The State, being a prominent food grain producer, holds immense potential to diversify its agricultural otput by establishing units for bakery, ready-to-eat, and ready-to-cook products. This would not only create new job opportunities but also allow for the production of a vast array of items using various processing techniques, ultimately contributiog to a more robust and sustainable food industry

Some of the major decisions taken by the government of India to boost the sector include

• Sanctioning 37 food parks across the country under the Mega Food Parks Scheme
• Sanctioning 37 food parks across the country under the Mega Food Parks Scheme
• • 100% FDI allowed through government approval route for trading, including through e- commerce in respect of food products manufactured in India