Opportunities in Food Processing Industry in India

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.

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.

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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.

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· 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.

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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.

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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.

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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.

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Introduction

Project Introduction
Project Objective and Strategy
Concise History of the Product
Properties
BIS (Bureau of Indian Standards) Provision & Specification
Uses & Applications

Market Study and Assessment

Current Indian Market Scenario
Present Market Demand and Supply
Estimated Future Market Demand and Forecast
Statistics of Import & Export
Names & Addresses of Existing Units (Present Players)
Market Opportunity

Raw Material

List of Raw Materials
Properties of Raw Materials
Prescribed Quality of Raw Materials
List of Suppliers and Manufacturers

Personnel (Manpower) Requirements

Requirement of Staff & Labor (Skilled and Unskilled) Managerial, Technical, Office Staff and Marketing Personnel

Plant and Machinery

List of Plant & Machinery
Miscellaneous Items
Appliances & Equipments
Laboratory Equipments & Accessories
Electrification
Electric Load & Water
Maintenance Cost
Sources of Plant & Machinery (Suppliers and Manufacturers)

Manufacturing Process and Formulations

Detailed Process of Manufacture with Formulation
Packaging Required
Process Flow Sheet Diagram

Infrastructure and Utilities

Project Location
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Built Up Area
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Project at a Glance

Assumptions for Profitability workings	Plant Economics
Production Schedule
Land & Building Factory Land & Building Site Development Expenses
Plant & Machinery Indigenous Machineries Other Machineries (Miscellaneous, Laboratory etc.)
Other Fixed Assets Furniture & Fixtures Pre-operative and Preliminary Expenses Technical Knowhow Provision of Contingencies
Working Capital Requirement Per Month Raw Material Packing Material Lab & ETP Chemical Cost Consumable Store
Overheads Required Per Month And Per Annum Utilities & Overheads (Power, Water and Fuel Expenses etc.) Royalty and Other Charges Selling and Distribution Expenses
Salary and Wages	Turnover Per Annum
Share Capital Equity Capital Preference Share Capital
Annexure 1:: Cost of Project and Means of Finance
Annexure 2:: Profitability and Net Cash Accruals Revenue/Income/Realisation Expenses/Cost of Products/Services/Items Gross Profit Financial Charges Total Cost of Sales Net Profit After Taxes Net Cash Accruals
Annexure 3 :: Assessment of Working Capital requirements Current Assets Gross Working. Capital Current Liabilities Net Working Capital Working Note for Calculation of Work-in-process
Annexure 4 :: Sources and Disposition of Funds
Annexure 5 :: Projected Balance Sheets ROI (Average of Fixed Assets) RONW (Average of Share Capital) ROI (Average of Total Assets)
Annexure 6 :: Profitability ratios D.S.C.R Earnings Per Share (EPS) Debt Equity Ratio
Annexure 7 :: Break-Even Analysis Variable Cost & Expenses Semi-Var./Semi-Fixed Exp. Profit Volume Ratio (PVR) Fixed Expenses / Cost B.E.P
Annexure 8 to 11:: Sensitivity Analysis-Price/Volume Resultant N.P.B.T Resultant D.S.C.R Resultant PV Ratio Resultant DER Resultant ROI Resultant BEP
Annexure 12 :: Shareholding Pattern and Stake Status Equity Capital Preference Share Capital
Annexure 13 :: Quantitative Details-Output/Sales/Stocks Determined Capacity P.A of Products/Services Achievable Efficiency/Yield % of Products/Services/Items Net Usable Load/Capacity of Products/Services/Items Expected Sales/ Revenue/ Income of Products/ Services/ Items
Annexure 14 :: Product wise domestic Sales Realisation	Annexure 15 :: Total Raw Material Cost
Annexure 16 :: Raw Material Cost per unit	Annexure 17 :: Total Lab & ETP Chemical Cost
Annexure 18 :: Consumables, Store etc.,	Annexure 19 :: Packing Material Cost
Annexure 20 :: Packing Material Cost Per Unit	Annexure 21 :: Employees Expenses
Annexure 22 :: Fuel Expenses	Annexure 23 :: Power/Electricity Expenses
Annexure 24 :: Royalty & Other Charges	Annexure 25 :: Repairs & Maintenance Exp.
Annexure 26 :: Other Mfg. Expenses	Annexure 27 :: Administration Expenses
Annexure 28 :: Selling Expenses	Annexure 29 :: Depreciation Charges – as per Books (Total)
Annexure 30 :: Depreciation Charges – as per Books (P & M)	Annexure 31 :: Depreciation Charges - As per IT Act WDV (Total)
Annexure 32 :: Depreciation Charges - As per IT Act WDV (P & M)	Annexure 33 :: Interest and Repayment - Term Loans
Annexure 34 :: Tax on Profits	Annexure 35 ::Projected Pay-Back Period And IRR