Innovation in Food Processing Industry: How Smes Are Driving Change

credit:

India's small and medium enterprises ( SMEs) make up the lion's share of the country's food processing industry, which is expected to generate 9 million jobs by 2024 and contribute more than $535 billion to the country's GDP, per the Indian Brand Equity Foundation.

But what makes India's small and medium enterprises stand out is their focus on sustainability, writes Vicky Dodani in the Financial Express.

"From artificial intelligence and machine learning to robotics and automation, SMEs are harnessing the power of these transformative tools to enhance efficiency, reduce waste, and improve food safety," she writes.

"They recognize that our future depends on ecologically sound solutions to our food processing challenges."

Indeed, the Indian food processing market is estimated to reach $535 billion by 2025, growing at a compound annual growth rate of 15.2%, thanks to the growing number of SMEs in the sector.

"From using energy from renewable sources to developing novel biodegradable packaging, these forward-thinking enterprises are leading the charge in reducing waste, conserving resources, and promoting a more sustainable food industry," Dodani writes.

Read the Entire Article

A customized collection of grant news from foundations and the federal government from around the Web.

How's Your Community Doing?
Check Out it's
Community Vital Signs

Philanthropic Follies

The Wall Street Journal profiles the new book \"The Good Rich and What They Cost Us.\" According to the reviewer, the book, which covers over two centuries of American philanthropy, posits that...more

Financial Aid Information Session Hosted by Kalamazoo Community Foundation
Foundation: Kalamazoo Community Foundation

The Wall Street Journal profiles the new book \"The Good Rich and What They Cost Us.\" According to the reviewer, the book, which covers over two centuries of American philanthropy, posits that...more

As Asian-American Population Grows So Does Philanthropy in the Communities
Foundation: American India Foundation, Korean American Community Foundation

The Chronicle of Philanthropy highlights a New York Times article focusing on the growth of Asian American philanthropy. Asian-Americans who have built fortunes in finance and technology are...more

Mary Kay Foundation Awards Grants

Waypoint Madge Phillips Center Shelter has recently received a $20,000 grant from The Mary Kay Foundation in observation of National Domestic Violence Awareness Month in October. According to Anne...more

Paulding Education Foundation Awards $7,500

Paulding Education Foundation has recently awarded $7,500 to Paulding schools as a result of the foundation\'s School Grant Program. Recipients include South Paulding High School, Austin Middle...more

Make-A-Wish Foundation Crapo Park Walk Fundraiser

The Make-A-Wish Foundation will be holding its big fall fundraiser, a walk around Crapo Park in Burlington to help grant wishes of children with life-threatening illnesses, raising on average $8,600...more