The food-processing industry in India is going ahead in full pace. It’s necessary to know the obstacles for this industry in showing its competency globally and also, factors that are bringing changes.
As the sector offers immense growth potential, a large number of MNCs have entered India to take advantage of the opportunity. Unilever, Nestle`, Pepsi and Cadbury are some of the big, successful overseas players in India that face a strife from established Indian brands.
Various plans, including low prices, combative advertising, expansion schemes, have been adopted and implemented by the companies to retain and amplify their market share in India. Fierce competition within the industry has lead to new ideas and increased capabilities in the sector. It will ease the growth maintenance task and assist it to become globally emulous.
In next 3 years, the Indian food processing industry is anticipated to grow to 3 times its current size making India a key and consequential player in the food and agriculture trade. Despite being recognized as a promising growth area, the current share of Indian food processing market in the world food trade is only 2%.
The recently published report by RNCOS, “Indian Food Processing (2006)”, suggests that cheap Indian workforce can be efficaciously used to set up large, cost-effective manufacturing units for domestic and export market. According to the report, from about 90 million ton of India’s milk production, almost 16% is processed in organized sector and 24% in unorganized sector. Apart from this, the report also covers the issues like:
- Sectoral performance of the Indian food processing industry
- Driving force and challenges for the Indian food industry
- Major players in the Indian food processing industry
- Possibilities for the Indian food processing industry
RNCOS’ report, “Indian Food Processing (2006)”, gives research and rational analysis on the Indian food processing industry. This report helps clients in careful evaluation of opportunities for the success of this industry in India.
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