By: Prof. R K Yadav (Deptt of Genetics and Plant Breeding C.S. Azad Univ. of Agril. & Tech. Kanpur & Sr. Associate Editor-ICN Group), Dr. Ripudaman Singh (Special Correspondent ICN Group) & Hemant Kumar ( Agriculture Correspondent ICN Group)
KANPUR: India recently jumped 30 places in the World Bank’s Doing Business report and now holds the 100th rank , Which highlights the Government’s effort to make the country ‘entrepreneur friendly’.
We are working towards easing the process of doing business for Global and Domestic industry players as well as brining in new talent to achieve India’s greatest potential in the coming years.
This augurs well for the Indian food industry. Besides giving boost to the food startups, it also means that established players can tap the huge opportunity in cold chain supply and other infrastructural developments.
India has already taken a lead with the Government taking several reformatory steps, To ensure that the sector grows unhindered, a transparent and enabling environment with clear policy vision is all that India needs.
Food processing has the potential of becoming the backbone of the Indian Agriculture Economy by linking farmers to the processors and market. World food India will help in establishing India as a valued partner in global food ecosystem, transforming Indian economy and doubling income of the farmers.
The food processing industry Accounts for 32per cent of the country’s total food market. The industry has registered a positive growth in both manufacturing and services sector despite global economic slowdown. This ‘sunrise sector’s is now poised to take a center stage in the global food market.
In Indian, the food sector benefits from a strong agricultural base that generates a variety of grains, fruits and vegetables, dairy, meat and fisheries products. The sector is amongst the largest Employers in the country with the potential to generate millions of jobs across the industry as well as upstream and downstream sectors.
Currently, with about a tenth of agri – produce being processed a high proportion of output is wasted and food processing industry can help reduce this wastage. This will also boost farmer incomes. The government has taken significant measures to encourage investments in the sector.
