BUSINESS SECTORS IN FOOD PROCESSING
India is emerging as one of the leading country in the world for its rich tradition of food and life style. All of us has gone through economics, statistics and production figures of various agricultural crops, processing data and recent position of India in food processing sector across the globe. In our economy Agri- Food Processing is a major component in terms of GDP and CAGR. Here rather than discussing figures and statistics let’s try to imbibe what actually food processing sector is and how existing and upcoming entrepreneurs can have a choice and chance for commercially viable business options.
ATMANIRBHAR BHARAT ABHIYAN – FOOD PROCESSING SECTOR
Atamanirbhar Bharat Abhiyan (self reliant) campaign was launched by Indian government last year. It was launched for promotion of Indian materials and goods to penetrate in global market. Local to global is the basis. Its definitely aimed at building in a scale and volume and eventually increase the global market share of Indian products. This will not only boost the economy but also will improve the stand of India in global market which will be beneficial by all aspects in future.
FOOD BIOTECHNOLOGY – POTENTIAL AND CONSUMER BAHAVIOUR
Having a quality food in our daily food regime in not a luxury now a days. History of food formulations’ development and its production has shown that it has come a long way from just eating raw food to processed and ultra processed food products. Modifications, enrichments, fortifications and maintenance of quality of products has become a routine. Even though there is chaos about with processed and ultra processed food products about their authenticity and unhealthy side effects, it definitely has given new dimensions to food processing industry. To comment over, it should be mentioned that quality of product, reliability of manufacturer and consistency are key factors.
START UPS - 1 : INITIATION
Start up, business entity, entrepreneurship etc. are the terminologies you might be going through various times and many ways in your routine life. It generates a spark in everyone’s mind especially the youth. Atmanirbhar BharatAbhiyan, Start-up India, Stand up India are also among those terms that are so frequently observed through different modes of communications. These terminologies are actually indicating a portfolio and life of a group of people those are termed as entrepreneurs or business people.
START UPS - 2 : OPERATIONS
Once the idea of start up has been finalized and decision made for it, as per parameters mentioned in Blog No. 4, actual work starts. As I am mentioning regularly, everything should be done very professionally and methodologically, here also operations or implementation should be carried out like it only. In this particular blog we will see operations for beginners and for existing or recently set up units. For the segments parameters are
START UPS - 3 : SUCCESS
In pervious series of blogs – Introductory guide and operation guide, the most important part for start ups is success. In usual philosophy it is said success can be measured by various ways and the concept of success varies person to person. In case of start up, business or entrepreneurship, it also applicable and the parameters are - number customers, number of employees, number of products, number of services or varies as per the sector of business.
GLOBALISATION 4.0 AND MSME IN INDIA
Globalization 4.0 is on its way to bestow world by it’s virtues. Annual meeting held by World Economic forum (WEF) in 2019 at Davos, Switzerland has discussed and elaborated its components. Policies and strategies, effects and advancements were highlighted ina deliberate way. It is very clear that globalization is very beneficial to under-developed and developing countries. One of the major benefit is, poor population is pushed to middle class and lower middle class to upper middle class.
GLOBALISATION 4.0 - HISTORY AND FUTURE
There is one term that has been gaining attention across the globe by industrialists, policy makers and technocrats. Right from a common man to leaders of all domains in the world are curious about it. It is Globalization 4.0. In India policies like Make in India, Atmanirbhar Bharat Abhiyan, Local to Global are inclined towards it. It can be said its preparation for it.
FOOD MARKEITNG – THE LOST KEY
Marketing of a food product is an as essential part as that of the planning to set up a business. It has been found that most of the business operators do not pat as much attention as that of planning for an enterprise in Food and beverages and related sectors in the food science and technology. Here we are considering budding entrepreneurs, small and marginal business operators and Community Based Business Operators.
