Scope in Dairy & Food Processing
Agriculture accounts for about 1/4th of the Indian economy but employs about 2/3rd of its population. India has about 161 million hectares of arable land of which 55 million is irrigated. Considering these factors, it is clear that there is immense potential for the agriculture sector, and therefore the dairy & food sector. Food processing enhances shelf life and adds value even if agricultural produce is merely cleaned, sorted, and packaged. Further processing into high value-added products garners greater revenue for the producer. India ranks first in the world in terms of milk production in excess of 100 million tonnes growing at a rate of over 4% annually. A large number of households and small and marginal farmers are engaged in milk production. Food Processing is also employment intensive in that for every Rs. 1 million invested, 1.8 jobs and 6.4 indirect jobs are created. The share of India in the global processed food trade is currently 1.6% and it aims to increase it to 3%.