India is the world’s second biggest manufacturer of food items beside China, and has the capability of being the greatest with the food and farming area. The food processing industry is positioned fifth regarding generation, utilization, trade and expected development. The food business is on a high as Indians keep on having a devour. Fuelled by what can be named as an impeccable element for any industry – expansive dispensable salaries – the food part has seen a checked change in utilization designs, particularly as far as food. Expanding earnings are constantly joined by an adjustment in the food mass.
The present Indian food Industry is relied upon to develop by 30% – 33% and it will take double overlap development in the next 3 years by considering today’s expanding example of interest.
Opportunities in Food Processing Industry
There are bottomless opportunities for food producing organizations in India. The interest for different results of the food industry is on the ascent in view of the expansion in per capital salary of the Indians which brings about higher spending on esteem included foods.
As far as volumes of generation, India positions among the most noteworthy on the planet in a portion of the food items. The table underneath show zones of Food Processing in India, which have impressive yield. This demonstrates a considerable measure of supply is accessible in India.
SMEs since has affirmed of joint endeavors, remote coordinated effort and foreign direct investment (FDI) in this part. The administration has additionally actualized many plans to build up this industry. Depermitting, foundation of food parks, setting up bundling focuses, and coordinated frosty chain offices are a portion of the activities taken by the administration. The Industry has likewise been opened to Foreign Direct Investment (FDI), up to a 100%. The aggregate FDI interest in the food managing segment in 2008-09 was Rs. 4700 crore.
The Indian food Industry is divided in three noteworthy roots i.e
- Organized: 26%,
- Unorganized: 43%
- Small scale businesses: 31%
Development Areas
v Packaged nourishment Industry
v Food Processing Industry
v Organized Retailing
v Food Ingredient Process Industry
v Export
Confronts of food industry
Ø The challenge for the rise of the food industry are manufactured, obtainment of value crude materials, utilization of wasteful conservative (out of date) advances, enormous operational cost, poor economies of scale
Ø Inadequate information about GMP (Good Manufacturing Practices) HACCP, ISO, FPO, Hygiene, Sanitation, 3A, FSSAI, FDA
Ø Poor information about Backward, forward, vertical and level coordination.
Ø Inadequate mecha-basic support
Ø Insufficient information about food esteem chain, deals and showcasing.
Ø Changing client taste
Ø Entry of worldwide organizations
Ø Rise in Competition because of FDI
Ø Increasing business and brand development
SMEs have defined and actualized a few Plan Schemes to give money related help in setting up and modernizing food handling units, production of framework support for innovative work and human asset advancement although other limited time measures to empower the development of the primed food area. Food processing is a huge area that spreads exercises, for example, farming, cultivation, estate, creature cultivation and fisheries.