Asia’s rising share in F&B
The share of Asia Pacific region in the global food and beverages (F&B) industry’s value is projected to increase from 31.5% in 2011 to 34.2% by 2015, according to an ASSOCHAM-TechSci study on Food Processing recently released by the Secretary Rakesh Kacker, Ministry of Food Processing Industries in a function in New Delhi. While releasing the study at the ASSOCHAM Food Processing and Agri Business summit Kacker highlighted the growing demand for food and beverages in emerging mar-
kets which are present in Asia Pacific and Latin America are set to make positive impact on global processed market. The developing countries in Asia Pacific region such as India, China and Indonesia are likely to drive the sales of processed food in Asia, Kacker added. “With the opening up of new markets for farmers and other agri-business entrepreneurs due to globalization has led to the increase in food trade including the processed food. The factors such as increasing income, faster urbanization and trade liberalization have been driving the demand for processed food and high value primary products across the globe”, Kacker said. On the occasion, Sanjeev Chopra, Joint Secretary, Department of Agriculture & Cooperation emphasized on the development of cold chain infrastructure for the growth of India food processing and agribusiness industry. The absence of cold chain infrastructure which includes both warehouses and transportation facilities is resulting in huge wastage of agricultural products.
Food processing outpaces agriculture If there is one sector that has been growing faster than agriculture as well as manufacturing sectors, has the potential to create jobs in the rural areas, bridge the gap between the price paid by the consumer and that received by the farmer and create value addition and earn foreign exchange by export of valueadded farm produce, it is the Food Processing Sector. In addition, this sector does not only remain a bridge between farmers and entrepreneurs, it converts the farmer into an entrepreneur. This was stated by the Agriculture and Food Processing Industries Minister, Sharad Pawar after inaugurating NIFTEM, a world-class institution in food processing sector, at Kundli, Haryana, recently. Haryana Chief Minister, Bhupinder Singh Hooda, Minister of Water Resources Harish Rawat, Ministers of State Tariq Anwar and C D Mahant, Member of the Planning Commission, Arun Maira, and local Members of Parliament and Legislative Assembly were also present on the occasion. While highlighting the huge potential of this ‘sunrise sector’,
Pawar also spoke about the challenges the sector faces and how NIFTEM will help the sector to grow. “Though a sunrise sector, it is facing various bottlenecks like lack of infrastructure, packaging and grading centres quality control and testing facilities. However, I consider, lack of human resource as one of the most important impediments in the development of this sector. Many entrepreneurs meet me and tell how difficult it is to get skilled manpower to work. It is in this background, the foundation of NIFTEM was laid. This institute is expected to bring a pioneering work in development of Human Resource in the food processing sector,” he said. Pawar said that NIFTEM will provide one-stop solution to the food processing sector. He elaborated: “Besides developing world class managerial talent and advanced knowhow in the area of food science, food technology and management, it will function as a knowledge repository in the food processing domain, conduct frontier area research for development of the sector and facilitate business incubation services. The Institute will offer high quality education, research and management programme specific to the food industry, provide referral advice on food standards, disseminate knowledge on the food sector and provide business incubation facility. The Institute will also provide other core activities to bridge the skill gap between demand and availability, provide complete spectrum of consultancy services to food processing industries, strive for promoting Innovation in the sector and work for upgradation of SME clusters.”
LOGISTICS TIMES November 2012
Published on Dec 3, 2013