The food sector in India is poised for rapid growth and structural transformation. The food processing industry is expected to reach `4000 billion by FY15, contributing around 6.5 per cent to the GDP.
If Indian agriculture has to be globally competitive, it needs investment in infrastructure that can promote efficiency by reducing transaction costs and market risks. It has been estimated that loss of primary produce before reaching the market due to lack of proper handling, cleaning, sorting, grading and packaging facilities at the village level is about 30-40 per cent for agri produces such as grains, fruits and vegetables indicates a FICCI-KPMG ‘Enhancing Competitiveness of Indian Food Chain’ report released at the third edition of FICCI’s Food 360 at Hyderabad on Wednesday.
The food processing industry requires about 6.3 lakh persons to handle various food resources from the farm to consumers
If Indian agriculture has to be globally competitive, it needs investment in infrastructure that can promote efficiency by reducing transaction costs and market risks. It has been estimated that loss of primary produce before reaching the market due to lack of proper handling, cleaning, sorting, grading and packaging facilities at the village level is about 30-40 per cent for agri produces such as grains, fruits and vegetables indicates a FICCI-KPMG ‘Enhancing Competitiveness of Indian Food Chain’ report released at the third edition of FICCI’s Food 360 at Hyderabad on Wednesday.
The food processing industry requires about 6.3 lakh persons to handle various food resources from the farm to consumers
No comments:
Post a Comment