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India- A veritable commercial goldmine

India is without doubt one of the most promising markets for the international food manufacturing and retailing sector, in the short, medium and long term.

There are so many obvious benefits: a 1.1bn official population; an 8% per-annum growth-rate economy (now the tenth-largest in the world); an increasingly-liberalised trade regime; and an informal food supply chain that is still open for exploitation by commercial food companies. These factors alone suggest a promising future for the food industry in India, both domestic and international.

By forging commercial plans out of innovative ideas that reflect local Indian practices and customs, the retail segment of the US$91.66bn Indian food industry and the branded goods manufacturers that supply it are looking at a veritable commercial gold mine

Source: Just- Food

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