'We are also aiming to double India's share in global trade from the present 1.5 percent to 3 percent,' the minister said.

With a large and diversified production base coupled with low manpower cost and modern technology, the Indian food processing sector is poised for growth, if the advantages are leveraged optimally, Sahai said.

'Even during the recession period, the industry managed to exhibit 14.6 percent growth.'

Food retail, dominated by around five million retail outlets in India, is also likely to grow from $75 billion in 2007-08 to $150 billion by 2025, Sahai said.