Some facts about the Opportunities in Food Processing Industry for rural areas
Processing of fruits and vegetables is only 2% in India in comparison to 80% in USA and Malaysia , 78% in Philippines , 70% in France and Brazil , 40% in China and 30% in Thailand . The food and agro processing industry employed over 16% of total workforce in the organized manufacturing sector whereas it is 32% of the total workforce in the unorganized sector. In total, the industry employs 13 million people directly and 35 million people indirectly. An average Indian spends around 53% of his/her income on food. There are around 300 million upper middle class consumers for value added foods. Wastage of fruits, vegetables and grains in India is pegged at INR440 billion annually. Fruits and vegetables accounts for the largest portion in the wastage. India is the largest producer of milk, fruits, pulses, cashew nuts, coconuts and tea in world and accounts for 10% of...