by Rajen KumarIndia's Manufacturing Muddle
What holds Indias manufacturing sector at the back foot? Why the sector has failed to emerge from the shadow of a strong service sector which has recorded a creditable growth in the...
Special ReportsMar 2014
When you have just decided to go ahead and chase your dream of higher studies, the one you had sidelined for quite some time now, you realize the road ahead is not so...
Crafting a Sustainable Secure Future through Strengthening the Food Processing Sector
Importance of Agriculture in
Globalization has brought some distinct thrust for the food processing sector –
a) Indians migrating abroad still look for Indian food products and especially spices apart from existence of exotic Indian restaurants have appealed to the foreigner's eating preferences
b) Resident Indians are also seriously embracing foreign cuisine in their regular diet thus creating ample commercial opportunities for both domestic and foreign enterprises in the food processing segment. Foray of retail giants are further adding to the demand thrust.
c) Outsourced businesses in
Hence, there is a clear and strong demand for processed food of all kinds. But not just any processed food. People are slowly learning to become quality conscious and to read the labels and not just the price tag. This however is a serious matter especially in the developed countries where apart from pharmaceuticals processed food has to have a certain level of quality and pass certain mandatory tests to achieve consumer acceptance.
Owing to our tropical weather and vast geographic spread,
However, we are unable to attain our potential mainly due to disintegrated players, lack of technology and know-how, awareness of applicable laws and regulations to compete in the global market.
SMEWORLD has earlier stressed on the potential of this sector in the January 2012 cover story. But the road ahead is not a bed of roses. What
Owing to its vital nature and vast dispersal across the country, the role of the Government in development of the sector is implied. The Ministry of Food Processing Industries governs the overall sector in
Though our resources are huge, due to lack of proper technology a substantial amount of the food products perish which results in colossal wastage. The problem starts from production to transportation and storage. We are making inefficient use of our land and resources. Thus, any competitive advantage that we might otherwise create is diminished.
The consumption pattern in
MOFPI's Vision 2015 document highlights thrust areas identified for strategic intervention as detailed mapping of food clusters; establishment of Mega Food Parks in identified SSI/ horticulture/ meat/ dairy/ marine sectors; strengthening backward and forward linkages and developing supply chain with cold chain mechanism; modernization of Abattoirs; developing infrastructure for organized food retail market; rationalizing tax structure for the sector; etc.
Food Processing Global Scenario Brief Highlight
The food market is one of the largest in the world considering its essential nature in our lives. The processed food market globally is highly regulated and cost – competitive with increasing demands from most countries. But the sector also has a large number of fragmented smaller enterprises who are able to survive due to the presence of retail giants who source through them.
A key statistical data from a FAO presentation states the obvious -
One hundred companies control about 35 percent of grocery sales globally, of which 40 percent is controlled by the top ten, including Wal-Mart, Kroger, the French company Carrefour, and the British Tesco.
A brief idea of the breadth of the processed food market can be
evinced by casting a quick glance at the various categories:
Alcohol and non – alcoholic beverages including wine is consumed in everyday life in many countries. The wine industry in
The following samples of meal types offered in certain airlines speak volumes of the scope for business in this sector based on consumer preference: Raw Vegetarian Meal – (fresh, raw vegetables), Non Dairy Vegetarian Meal - (purely vegetarian menu, no milk and egg products), Lacto-Ovo Vegetarian Meal - (vegetarian menu with milk and egg products), Asian Vegetarian Meal – (without fish, poultry or meat; mainly paneer), Jain Menu – (very strict vegetarian Asian Meal; products that grow beneath the soil are strictly forbidden), Fruit Platter - (selection of fresh fruit), Hindu Meal, Kosher, Muslim, Low Fat, Low Salt, Diabetic and Gluten Intolerant Meal apart from simple Child Meals.
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The Last Word
January every year used to be the Great Film Month in Delhi. International Film Festival of India, IFFI used to take place a great get together of film buffs. Youngsters with a taste for the...
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