PREM DUBEY-Chairman(Jabalpur Chamber of Commerce)
A Platform for Entrepreneurs!
Monday, 31 October 2011
Start a Food Processing Unit
(176). Start a Food Processing Unit
Invest in Food Processing Sector The vision 2015 of the Government of India for the food-processing sector
1. Vast source of raw material India is one of the largest producers of wheat and rice.
Coconuts, cashew nuts, ginger, turmeric and black pepper is widely grown in some parts of the country.
India is the second largest producer of groundnuts, fruits and vegetables. That it accounts for about 10 per cent of the world's fruits production with the country topping in the production of mangoes and bananas.
Due to the high processing levels milk products offer a significant opportunity in India. India is the world's largest producer of milk owing to the strong business models formed through cooperative movements in the country. Milk and related products account for 17% of India's total expenditure on food. This segment enjoys liberal regulations as all milk products except malted foods are automatically allowed 51% foreign equity participation and all exports of dairy products are freely allowed.
Alcoholic beverages have been categorised as the new high opportunity sector in India. Liquor manufactured in India is categorised as Indian Made Foreign Liquor (IMFL). The sector is still barred from the import of potable alcohol as it is subject to government licensing. In the meanwhile, India has recently started producing wine for domestic consumption.