|
||||||||
The Indian Food Processing Industry |
![]() |
|
|
Thread Tools | Search this Thread |
|
|
#1 |
|
Inactive Member
Join Date: Dec 2015
Posts: 2
|
The Indian Food Processing Industry
In India, the food sector has emerged as a high-profit sector on the back of the scope it offers for value addition, particularly with the food processing industry getting recognised as a high-priority area. The food processing industry is one of the 25 sectors identified to advance the ‘Make in India’ campaign.
The Indian food processing industry accounts for 32 per cent of the country’s total food market, 14 per cent of manufacturing GDP, 13 per cent of India’s exports and six per cent of total industrial investment. Indian food service industry is expected to reach US$ 78 billion by 2018. Accounting for about 32 per cent of the country’s total food market, the food processing industry is one of the largest industries in India and is ranked fifth in terms of production, consumption, export and expected growth. The total food production in India is likely to double in the next 10 years with the country’s domestic food market estimated to reach US$ 258 billion by 2015. The food processing sector in India has received around US$ 6,215.46 million worth of foreign investments during the period April 2000—January 2015 alone. Indian food brands are increasingly finding prime shelf space in retail chains abroad. These include Bikanervala Foods, MTR ready to eat foodstuff and ITC’s Kitchens of India. The ‘Make in India’ campaign will focus on the manufacturing sector to generate employment. Through this campaign the food processing sector will aim to raise their growth level from 10% to 25% as this is one of the focus industries of the ‘Make in India’ Campaign. Through this campaign the food processing industry is set to develop 42 Mega Food Parks. Entrepreneurs will be able to rent out developed plots along with basic infrastructure in these Mega Food Parks, for establishing a food processing unit or an ancillary unit. An investment of Rs. 98 billion is being raised for this purpose through public and private partnerships. Essar Infraprojects is all set to place Rs.50, 000crores in the food industry whereas Adani is looking to invest about Rs.20, 000crores and the future group has vowed to invest Rs.2, 000crores. Some of the major investments in this sector in the recent past are Foodpanda.in which has acquired food ordering portal Just Eat India in an all-stock deal as it plans to strengthen its presence in India. The Gujarat Cooperative Milk Marketing Federation popularly known as 'Amul', plans to invest Rs 5,000 crore (US$ 800.18 million) to set up ten new processing plants as well as expand the current capacity to touch 32 million liters per day (MLPD) capacity by 2020. The Indian food industry is poised for huge growth, increasing its contribution in world food trade every year. Going forward, the adoption of food safety and quality assurance mechanisms such as Total Quality Management (TQM) including ISO 9000, ISO 22000, Hazard Analysis and Critical Control Points (HACCP), Good Manufacturing Practices (GMP) and Good Hygienic Practices (GHP) by the food processing industry offers several benefits. It would enable adherence to stringent quality and hygiene norms and thereby protect consumer health, prepare the industry to face global competition, enhance product acceptance by overseas buyers and keep the industry technologically abreast of international best practices. |
|
|
|
|
Please sign in or register to remove this advertisement.
|
|
|
#2 |
|
Forum Member
Join Date: Mar 2013
Posts: 9,227
|
Cracking contribution Billy.
I loves a good Ruby I does.
|
|
|
|
![]() |
|
All times are GMT. The time now is 17:40.

