Stanley Goh, CEO of SATS Food Solutions, a Singaporean airport service provider, predicts a significant 45% growth in India’s ready-to-eat market over the next five years, presenting lucrative investment opportunities in the country.
Goh highlighted India’s culturally diverse market and the increasing demand among consumers for higher culinary standards. He emphasized the potential for growth in categories like ready-to-eat, ready-to-heat, and convenience segments, leveraging the company’s extensive experience in the Indian market.
SATS Food Solutions India, the company’s Indian subsidiary, is set to expand with a new facility at Bengaluru’s Kempegowda International Airport, creating employment opportunities for around 300 people, according to CEO Sagar Dighe.
Dighe emphasized the importance of a robust ecosystem and raw material availability for food operations, citing Bengaluru’s advantageous position due to existing networks with Tata SATS and joint ventures with Bengaluru Airport.
The new Bengaluru facility is heavily reliant on automation and IoT technologies for efficient operations, aiming to maintain consistency in taste across all facilities while involving chefs in specialized tasks such as recipe development.
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