Related Projects:- Food Processing and Agriculture Based Projects
Food Processing is simply the process of transforming agricultural materials into edible food. It entails a variety of processing techniques, including grain grinding to generate raw flour, home cooking, and industrial processes to generate convenience meals such as noodles, spaghetti, and chips. Because of the diversity of food items that India gathers and prepares for consumption, the Food Processing Sector is a significant element of the Indian economy.
Related Books:- Food Additives, Food Colours, Colors, Flavours, Flavors, Gums And Stabilizers, Food Industry Ingredients
India is the world's largest producer of milk, bananas, mangoes, guavas, papaya, ginger, okra, rice, fruits, vegetables, tea, sugarcane, and cashew nuts; second-largest producer of cereals, coconut, lettuce, chicory, nutmeg, mace, cardamom, and pepper; and third-largest producer of cereals, coconut, lettuce, chicory, nutmeg, mace, card Rising wages and growing demand for nutritious, packaged foods means that this business will be able to weather any storm and will never experience a downturn. The government is also becoming more supportive of the business.
Start a Business in Middle East, Click Here
Start a Business in Asia, Click Here
Statistics about the Market
· The food processing business in India is one of the world's largest, with production anticipated to reach $535 billion by 2025-26.
· By 2024, this industry is predicted to provide 9 million employments.
· The Indian food industry is growing at an annual rate of 11%, with the food processing sector accounting for 32% of the total.
Read our Books Here: Food Colours, Flavours and Additives Technology Handbook (2nd Edition)
· Between April 2014 and March 2020, India's food sector garnered $4.18 billion in foreign direct investment.
· India's annual household consumption is anticipated to quadruple by 2030, making it the world's fifth-largest consumer.
Related Videos:- Food Processing
Trends & Growth Drivers
The organized food retail industry is expanding, and urbanization is increasing.
· Through different developments in skills and technology, MSMEs are playing an increasingly important part in India's food processing chain.
· In India, the internet meal ordering industry is expanding at a rapid pace.
· Packaged, healthful, and immunity-boosting foods like roasted nuts, popcorn, and roasted pulses are in hot demand.
· The emphasis is shifting away from loose packaging and toward branded packaging.
· The government's "Atmanirbhar Bharat" effort prioritizes this industry and assists with a variety of measures.
Best Industry for Doing Business, Click Here
Start a Business in Potential Countries for Doing Business, Click Here
Government Initiatives in the Recent Past
The Indian government has prioritized the food processing sector and encourages investment in the area as part of its "Make in India" initiative. In addition, to improve the food processing supply chain, the government has developed 18 mega food parks and 134 cold chain Projects. Food processing industries are expected to benefit from these initiatives. In addition, recent government attempts to boost the food processing industry, including the Rs. 10,000 crore (US$ 1.35 billion) program announced by Finance Minister Mrs. Nirmala Sitharaman, has put the sector on a high development trajectory.
Start a Business in Food Processing and Agriculture Based Industry, Click Here
GIS One District One Product (ODOP) Digital Map of India is launched: The Pradhan Mantri Formalisation of Micro Food Processing Enterprises Scheme (PM-FME Scheme) and GIS One District One Product (ODOP) Digital Map of India, which gives complete information on ODOP products to all stakeholders, was released on November 18, 2020, by the Ministry of Food Processing.
The ODOP program sought to enhance SMEs on specified goods (within a district) by providing a credit-linked subsidy of 35 percent of the approved project cost up to Rs. 10 lakh (US$ 13.52 thousand).
New Cold Chain Initiatives to Cut Food Waste and Increase Exports:
The Ministry of Food Processing Industries (MOFPI) authorized 28 new local cold chain infrastructure projects in September 2020 to increase the local agri-food sector's export potential and prevent food waste. The national government has contributed Rs. 2.08 billion (US$ 28 million) to these 28 projects as part of the Pradhan Mantri Kisan SAMPADA Yojana (PMKSY) initiative.
Various factors, such as the rising prevalence of health problems, the ongoing COVID-19 pandemic, busy lifestyles, and an increase in food adulteration, have resulted in a shift in consumer purchasing habits, including a demand for ready-to-cook, ready-to-eat meals, and healthy, immunity-boosting snacks. During the COVID-19 crisis, safe and processed food categories such as biscuits and snacks have witnessed an increase in sales.
Start a Business in Africa, Click Here
Start a Business in India, Click Here
NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name in the industrial world for offering integrated technical consultancy services. Its various services are: Pre-feasibility study, New Project Identification, Project Feasibility and Market Study, Identification of Profitable Industrial Project Opportunities, Preparation of Project Profiles / Pre-Investment and Pre-Feasibility Studies, Market Surveys / Studies, Preparation of Techno-Economic Feasibility Reports, Identification and Selection of Plant /Process / Equipment, General Guidance, Technical and Commercial Counseling for setting up new industrial projects.
PM_Art2021
#DetailedProjectReport #businessconsultant #BusinessPlan #feasibilityReport #NPCS #industrialproject #entrepreneurindia #startupbusiness #BusinessIdeas #StartupBusinessIdeas #Amul_India #amul #india #food #amulindia #amulforlife #amuloutlet #amulthetasteofindia #nestle #parleagro #foodcompany #foodprocessingcompany #megafoodparks #businessplan #business #entrepreneur #businesstips #businessowner #businessgrowth #businessmindset #startup #businessgoals #businessstrategy #marketing #businessdevelopment #entrepreneurship #businesssuccess #businesscoach #motivation #businesstip #businessplanning #businessadvice #businessconsultancy #marketingstrategy #investment #businessmodel #finance #international_business #businessoverseas #businessopportunities #MSME #aatmnirbharbharat #Startup-India #KVIC #NSIC #MGIRI