Food and beverages Industry in India gaining edgeby Kompass India General Manager
Food and beverage industry has been coming out with flying colours for almost twenty years due to the global fiscal growth. Especially, the developing countries have developed by leaps and bounds because of the augmentation in the GDP. The hotel business has redoubled in India since the people have got a lot of job opportunities during recent years. Considering the year of 1993, the people used to get the salary INR.5000; however, in course of time the people have started receiving salary near about INR.15000 per month. That is why; the power of purchasing has increased manifold within last two decades
As per the Franchise India report, the Indian food and beverage industry is estimated almost INR. 75,000 and it is growing at a prodigious rate that indicates the potential of this industry. Previously people were not interested studying the hotel and hospitality, however, the transformation in the information technology, manufacturing industry has made everybody’s wallets thick. Since the people are these days comfortable with their lifestyle, they started understanding the hospitality industry. The colleges and varsities have been hyperactive to offer multifarious courses for the development in this industry. There is a huge demand in the industries in India as the five star hotels, restaurants and shopping malls are equipped with high-end restaurants have been mushrooming in the recent years. There are a lot to take place in this sophisticated industry in the near future if the rate of growth remains intact.
There are many avenues for the people who are eager to nurture the business pertaining to hotel and hospitality. It has an extended range of opportunities where one can commence business and make the wallet strong with far-less effort and time. There are many beverage productions and machines that can augment the business at a phenomenal rate. For example; the tea vending machines, soft drink machines are in great demand due to increasing numbers of offices in India. The benefit of this machineries and equipments is to keep the manpower less in the competitive era.
Similarly, the dairy equipments, sugar industry instruments and confectionary machines are making good fortune since wide range of business available in the market due to the economic growth in our country. The food exporters and importers have great time ahead particularly in India and China since the emerging market of food and beverage industries have many places to keep pace. The food processing industry has also a great role to make a move to deal in the business relating to food industries.
The huge areas of agricultural fields has facilitated for the people in India to deal in the culinary activities. The adequate livestock, cost effectiveness and manpower are the key reasons to nurture the business at a rapid rate. The major key players in this field are LT food ltd, the Indian subsidiary of French Food Company; Nutricia International has a great role to offer quality services to the hotel and culinary industries. These companies are expected to redouble their business in the next three years. Moreover, India is gaining edge over the chocolate business, milk products and grains etc.
M R Prusty is an experienced writer across diverse categories; his articles on Food and beverages Industry always attract so much interest from the audience, due to their subject matter and useful information.
Created on Dec 31st 1969 18:00. Viewed 0 times.