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Domestic food market anticipated to increase through over 47% to touch USD 1,274 bn: File, ET Retail

.Rep ImageThe residential grocery store is expected to expand through over 47 percent to get to USD 1,274 billion by 2027, a record released due to the Brotherhood of Indian Business as well as sustained by Danfoss India pointed out. India's food items processing sector views cutting-edge start-ups arising along with innovative technology, the file entitled 'Food items Handling Market in India - Prospective for Southern States. and launched through CII, CII SKIN (Sisterhood of Indian Market-- Food and also Horticulture Center of Superiority) and Danfoss India, mentioned. Danfoss India is actually an innovator in heating, air flow as well as air-conditioning and also is the subsidiary of Denmark-headquartered design primary Danfoss. A number of the key highlights of the record, which was discharged at the CII-FoodPro 2024 feature the possibility that southern states accommodate for food items processing market. "Tamil Nadu leads India's export of handling fruit products, juices as well as nuts, along with a 33 percent portion by quantity and 27 percent through market value, shipping 2,08,370 metric tonnes worth USD 220.81 thousand in 2023-24," the report said. The food items processing industry in India sees impressive startups developing along with cutting-edge technology, the document mentioned. The study carries insights on arising trends, modern technologies and export chances allowing businesses to bring in knowledgeable decisions and also use the sector's potential South India's meals handling market gets on the peak of a revolution, with ingenious portions like millets, ready-to-eat and plant-based milk options unlocking a treasure trove of financial opportunities for farmers. The recently launched report exposes, technology holds the key to supercharging this development, making sure the highest possible standards of safety and also top quality and also driving India's exports onto the worldwide stage," CII National Authorities for Cold Chain and Agri Strategies Leader Ravichandran Purushothaman mentioned. "At Danfoss India, our company are delighted to become a part of this transformative quest, driving lasting food items processing options that will definitely mold the future of Indian horticulture as well as food market," he pointed out in a statement on Saturday. During the activity, Danfoss Optyma Load Reducing System, a dependable as well as energy-efficient solution for Majority Dairy Air Conditioning and Cold Space applications was actually launched. "The Optyma Stuff Condensing Device is actually a game changer for India's milk industry and cool space applications. Its one-of-a-kind design and reliable performance will significantly assist in fulfilling our consumer's expense and also durability objectives," Danfoss India Location Scalp of Weather Solutions - Sales, Madhur Sehgal pointed out. The cutting-edge innovation makes sure optimum milk temperatures with reduced power consumption, which reduces the carbon impact, taking care of important milk processing obstacles and also assisting India's maintainable food items production goals, the declaration included.
Released On Aug 11, 2024 at 12:27 PM IST.




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