Opportunity for Start-Up Entrepreneurs – Ready To Eat

India  has  developed in several  areas and  introduced several  modern changes like digital  transaction has  increased and GST has  been  introduced and  because  of this  thinking there is  scope  of growth  in several areas such as  food  industry yes  RTE  food  industry is Opportunity for Start-Up Entrepreneurs.

Food processing sector in India is one of the biggest sector in world and it’s expected to reach around five hundred thirty-five billion by 2026 new plan expected to invest around  100 lakh crores  in infrastructure  and  twenty five  lakh crores for  rural economy now  this  kind  of  huge  investment  in infrastructure  and  in rural area has certainly put food processing  sector  on high  growth path and recently ten thousand crores has been rolled out in (FME) .

India is one of the major producers of a variety of farming products and as the worldwide inhabitants grows, demand of Indian food is also rising so in this article I am going to discuss about RTE food 

·       General Idea Of The Indian Food Processing Sector

India  is producing  surplus  of  food  there was a time when  India was facing   problem  of  food  scarcity  now the  things  have  changed and  India  is  producing  surplus  of  food  so for  food  processing  units  the  opportunity  are tremendous now in recent times Indian  food  processing  unit  is  growing  and food  processing sector  is contributing  for food trade every year.

• Start-up in food processing industry: At present, India is processing less than 10 % of its farming output, thus, offering   vast opportunity for growing these processing levels and most important to invest in this sector. With farming and its related sectors being the major source of living in India.

• Rural  People  Depend  On Agriculture  : 70 % of its people living  in village  means  rural  people  depend  on agriculture  for  their living .Indian government  is  giving  high priority to  food  processing  industry  and  food processing industry  is  promoted and  several incentive are  offered  so more  people  get  involved in food  processing  industry  and they  get  opportunity  to  start a start-up in food  processing  industry.

• Favourable  Policy : Government  is  focusing  on food  processing area and because  of this food processing  sector has  been growing  with  average rate  of  eight point 15 percent   during  2014-to  2018 and  will certainly grow in upcoming years.

• Food Industry Market : The  Indian food  industry is  growing  at tremendous  pace because  house  hold  income  has  increased and  urbanization has  taken  place and  retail has  become  more  organized these are the  major factors  help in growth  of food  industry  .

• The  Total  Number  Of  Food  Processing  Unit Are Around  15.95 %
• Food  Processing  Industry Is  Providing  Employment To 11.36 %
• Percentage Of Operational Factories Is 16.78%.

The  consumption habit  have  changed  as more  urbanisation has  taken place and  also gender composition of  work force has  changed and  because  of this  consumption pattern has  changed . By 2025-26 the food processing unit will make huge dollars. Major factors because of which food processing industry is growing are as below:

• Domestic demand has increased: disposable income has increased and as result life style  and  food  habits  have changed
  • Advantages  of  supply  : Agriculture  production has increased specially livestock , different  kind crops  are  grown and the marine production has  also  increase  because  of  coastline . 
  • Opportunities for export:  opportunities  for export  have  increase to several destination and which  I  helping  economy in integration  at global level 
  • Suitable policy and support by government.

All these points which I have discussed shows that there is Opportunity for Start-  entrepreneurs so in food processing  industry  or even if  you want  to  enter in RTE ready to eat food  industry there is  huge scope  become entrepreneur in RTE food industry in Mumbai or  in India.   

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