India’s vast agricultural landscape and growing population present both challenges and opportunities for its food processing sector. This paper critically examines the National Institutes Food Technology, Entrepreneurship and Management Act, 2021 in India, highlighting systemic strengths, gaps, and potential. While significant strides have been made in developing technological innovations in food preservation, safety, and packaging, their translation into widespread industry practices remains uneven due to infrastructural constraints and policy disconnects. Food management systems suffer from inefficiencies in supply chains, leading to substantial post-harvest losses and market volatility. At the same time, entrepreneurial ecosystems in food processing are gaining traction, driven by government through various schemes and initiatives promoting startups. However, regulatory complexity, limited access to finance, and lack of skilled manpower hinder scale and sustainability. In this backdrop, The National Institutes Food Technology, Entrepreneurship and Management Act, 2021 address these issues on priority. This paper argues that a holistic integration of technology, education, industry collaboration, and policy reforms to transform India into a global leader in food innovation and agro-entrepreneurship is bedrock for the robust system. The paper highlights the need for interdisciplinary training, incubation support, and institutional autonomy—as reflected in the National Institutes of Food Technology, Entrepreneurship and Management Act, 2021—to bridge gaps between research, market, and rural development.