siliconindia | | AUGUST 20234The food industry in India is an overwhelming one globally, given its prosperity and diversity of cultures. Moreover, with the proliferation of packaged foods, the industry has a plus and options at hand. As per reports, the packaging industry is India's 5th largest sector with anestimated worth of nearly $40 billion. Increasing hectic lifestyles, long office hours, traveling & traffic, and change in eating habits and traffic, of course, have led people to be short on time and ultimately resort to ready-to-eat food in their regular meals. About 79% of urban people prefer to have ready-to-eat food in their regular meals today. The above factors and the fast-growing urbanization have extensively driven India to thrive as the largest producer and consumer in the packaged food industry.In India, the packaged food industry holds a vital part in households because of the availability of items from milk to instant food, supplements, and other consumption items. The reason for people to choose packed foods is not only due to their cost efficiency and making time but also due to the shortage of localization of certain items. Notably, there is a variety of packaged foods available, be it fruits, vegetables, ready-to-eat food items, herbs, or other consumable items, and where it was easier forthe working class it comes as a convenience to many others too.However, India's rising economy and population drives many industry to profit and growth, in which the food industry of packaged foods holds a tight spot in the market. The Indian government also takes initiatives like schemes such as `PM Kisan Sampada Yojana' which helps in promoting and setting up the business for entrepreneurs and grants 35% of the project cost to the eligible, including 100% for FDI for Processed Food Businesses'. Through this strategic collaboration, Indian brands can gain benefits from foreign brands. With these highly supportive factors and benefits, India has a promising future and many players are in this business established as brands. In our current edition, we have brought to you some renowned brands in the Indian packaged food space.Do read through and let us know what you think!Mandvi SinghAssistant Managing Editoreditor@siliconindia.com Publisher & Managing EditorAssistant Managing EditorAssociate EditorAlok ChaturvediMandvi SinghIndranil ChakrabortyVol 10 · Issue 08 - 02 · AUGUST, 2023Editorial TeamAvinash BarikHima P. MP. Tejaswini Manager - DesignPrabhu Dutta A.R.N RayArt ManagerSuanya Chakraborty Designers Mrigank SharmaAntony Arnold FGM- Sales & MarketingShashi RanjanAdvertising ManagerBhaskar Bibek Nayak advertise@siliconindia.comEditorial Querieseditor@siliconindia.comCirculation Manager Magendran PerumalTo subscribeVisit: https://www.siliconindia.com/subscribe/or send email to subscription@siliconindia.comMagazine Price is Rs. 150 per issuePrinted and Published By Alok Chaturvedi on behalf of Silicon Media Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Publisher Alok ChaturvediCopyright © 2023 Silicon Media Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.siliconindiaEditorialIndulge & Savour the Deliciousness in Varieties
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