India is known to be a fruit basket of the world. After China, India has been considered as the second largest producer of fruits. Due to skilled manpower deficiency, poor cold storage facilities, inefficient post harvest management and minimal technological interventions, India is the second largest producer contributes only 1% of the global market of the fruit processing industry. In India, the wastage of fresh fruit, produce has been estimated to be of a very high order, i.e. around 30-35% of the total production during harvest, storage, grading, transport, packaging and distribution because of the challenges involved in the industry. With the creation of adequate specialized cold storage facilities, logistics infrastructure, skilled manpower and modern technological interventions, post harvest losses can be minimized resulting in higher returns to the major stakeholders of the entire fruit supply chain i.e. farmers and the consumers. The paper provides a short review on the status of the Indian fruit processing industry, fruit processing technologies, supply chain of fruit processing industry, improper post harvest management and inefficient cold storage facilities. The paper also shelters the global & the Indian scenario of fruit processing industry, government schemes & policies related to the industry. The authors have also emphasized on the challenges of the Indian fruit processing industry. In this paper SWOT analysis and PEST analysis has also been conducted and key potential areas i.e. economy, agricultural yield, development, productivity enhancement, employment generation for the future generation have been identified in order to achieve a greater role in the industry.