The total amount released by the Ministry for establishing food processing industries with private collaboration during 2012-13 is worth Rs 145.74 crores (US$ 26.81 million). The food processing industries attracted foreign direct investments (FDI) worth US$ 1,681.97 million in the last two financial years, according to the latest data published by Department of Industrial Policy and Promotion (DIPP).
The Indian food services industry is estimated to be nearly worth Rs 75,000 crore (US$ 13.79 billion) and is growing at a healthy compound annual growth rate (CAGR) of 17 per cent, according to a research report.
The Indian food services industry is anticipated to grow at a CAGR of around 12 per cent during 2012-2015, as per a RNCOS research report. India's market for organic food consumption has also been recognized as one with the largest potential worldwide and the sector grew at a CAGR of 15 per cent during 2011-2013.