FOOD INDUSTRY
NUPUR TEWARI 39117 ARPITA SINGH 39116
INTRODUCTION
India s Food Processing industry ranked 5th in terms of production, consumption, export & expected growth. It is the largest producer of milk, pulses, sugarcane and tea in the world and big producer of wheat, rice, f & v. The Indian food industry is estimated to be worth over US$ 200 billion and is expected to grow to US$ 310 billion by 2015.
Continued..
The Indian food processing industry is estimated at US$ 70 billion. It contributed 6.3 per cent to India s GDP in 2003 and had a share of 6 per cent in the total industrial production. India is one of the world s major food producers but accounts for only 1.7 per cent (valued at US$ 7.5 billion) of world trade in this sector this share is slated to increase to 3 per cent (US$ 20 billion) by 2015.
RECENT DEVELOPMENTS
Strategic interventions under 11th five year plan : Food Parks, Abattoirs, Cold chains, Street Food, Wine Policy-liberalized, leveraging the agri/horticultural surpluses, Testing & certification labs- both public and private. Union budget 2010 has decreased the prices of processed foods.
PRESENT STATUS
SOURCE: MOFPI
FOOD PROCESSING UNITS IN ORGANISED SECTOR (NUMBERS)
SOURCE: MOFPI
PARAMETERS OF COMPETITION
Indian food processors may be divided into the following main categories: Large Indian companies that have their production base in India or neighboring countries (for tax-saving purposes) Multinational and joint-venture companies that have their production base in India Medium/small domestic food-processing companies with a local presence Small local players in the unorganized sector
DAIRY INDUSTRY
India has emerged as the largest milk producing country in the world with present level of annual milk production of 94.5 MT. Annual growth of 4% during the period 1993-2005. Dairy Cooperatives account for 60% share of processed liquid milk marketed in the India.