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India is a leading producer of a wide range of agricultural products, including tea, wheat, spices, rice, milk, pulses, fruits, and vegetables. Additionally, the country excels in fisheries and aquaculture production. With its food processing market to reach US$ 1,274 billion by 2027, India holds a significant position in the global food supply chain as a major producer and exporter of numerous agri and aqua products.
The sector has experienced an average annual growth rate of 7.26% over the last 7 years ending (2021-22), presenting significant opportunities for innovation and development. It also contributes 14% to India’s GDP through manufacturing. This makes India an ideal destination for agritech, offering vast potential for collaboration and investment.
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