Food Park

Packaged food is a growing business. According to industry estimates, the Indian packaged food market is worth $39.7 billion (Rs 2,38,200 crore) and is expected to reach $65.41 billion (Rs 3,92,460 crore) by 2020. But, like many other product categories, it is highly competitive. Thus, retailers work with wafer-thin profit margins. This has hobbled the profitability of all retailers. The only way margins can be improved is by having control of manufacturing. This is where his food parks fit in.  This could be a smart move for retailers, because food is a good bet and the sector is relatively untouched by the price warriors of e-commerce.

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