Agriculture business Scopes in India :
Agriculture and related sectors business Scopes in India :
Country like India whose economy is based on Agriculture output ,have huge scope and market for the agriculture and agriculture related business .Agriculture is the backbone of Indian economy and provides employment to a large majority of Indian work force. The nation has a vast potential in contributing to international food trade on the account of its cultural dependence on agriculture and the agro climatic variety that gives rise to a large food basket suitable for international trade and earning foreign exchange for Indian economy. India has an edge in production of a number of food commodities such as cereals, milk, buffalo meat, fruits such as mango, banana, guava and papaya, vegetables and fish. The direction focus is more important in this sector . Every state and central government have scheme and facility for agriculture investors . Which need to be circulated to the segments.
Agri-business can be defined as commercialization of agriculture, which refers to market orientation of agricultural production process. Transition from subsistence to commercial agriculture. Today in this article we will try to elaborate the idea of suggestive investment sectors in Indian agri and agri related sectors r . The below facts may be focus before the project bagged:
Approach from production oriented to market oriented : Identifying the market with market analysis ,Appropriate return prediction ,Higher consumer satisfaction ,Appropriate market /network channel, Reduce marketing cost ,Higher market efficiency , Low wastage ,Increase value addition and risks of investing in agribusiness .
Opportunities in different agriculture and related sectors :
1 Meat & Poultry The segment is dominated by mostly unorganized sector Only 1-2% of the raw meat undergoes value addition Most of the raw meat meets domestic consumption in raw form Eggs and broilers show a growth rate of 16% and 20% respectively . India is having largest livestock population including Buffaloes, Sheep & Goats, Pigs and Poultry, which are generally used for production of meat products.
Buffalo Meat : India has more than 3600 slaughter houses, there are live modern abattoirs and one integrated abattoir meat processing plant for slaughtering buffaloes for exports and domestic consumption. Demand of meat is mainly in countries like -Vietnam Social Republic, Malaysia, Egypt Arab Republic, Indonesia and Saudi Arabia .
Goats – The major contributor in this sector is from mostly unorganized sector . Sheep constitute a very important species of livestock in India, mainly on account of their short generation intervals, higher rates of prolificacy, and the ease with which the goats as also their products can be marketed. They are considered to be very important for their contribution to the development of rural zones and people. Focused export destinations : United Arab Emirates, Saudi Arabia, Qatar, Kuwait and Oman.
Other Meat : constitutes a very important species of livestock in India. They are considered to be very important for their contribution to the development of rural zones and people. The local initiatives to promote quality labels and innovative products for cheeses, meat and fibers could help Swine/Pigs, Rabbits, Horse, Camel, Primates etc in keeping a role for sustainable development in an eco-friendly environment all over the world. Major Export Destinations (2016-17) : Bhutan and Nepal .
Processed Meat : The recent development in India is to set up large abattoirs-cum-meat processing plants with the latest equipment. India has already established ten state-of-art mechanized abattoirs-cum-meat processing plants in various states based on slaughtering buffaloes and sheep. Major Export Destinations (2016-17) : United Arab Emirates, Pakistan, Korea Republic, Vietnam Social Republic and Italy.
Dairy Products : India now slowly becoming indisputably the world’s one of the biggest dairy industry . India also produces the biggest directory or encyclopedia of any world dairy industry. The dairy sector in the India has shown remarkable development in the past decade and India has now become one of the largest producers of milk and value-added milk products in the world.The major export destination is United Arab Emirates, Pakistan, Bangladesh, Bhutan and Nepal.
Poultry Products : The Potential in the sector is due to a combination of factors – growth in per capita income, a growing urban population and falling real poultry prices. Poultry meat is the fastest growing component of global meat demand, and India, the world’s second largest developing country, is experiencing rapid growth in its poultry sector. In India, poultry sector growth is being driven by rising incomes and a rapidly expanding middle class, together with the emergence of vertically integrated poultry producers that have reduced consumer prices by lowering production and marketing costs. The country has exported 4,49,527.49 MT of Poultry products to the world for the worth of Rs. 531.65 Crores/ 79.51 USD Millions during the year 2016-17 . Major Export Destinations (2016-17) : Oman, Saudi Arabia, Indonesia, Russia and Maldives .
Vegetables, Fruits and Processed Foods –
Equally divided between organized and unorganized sector Organized sector dominates juices and pulp products while unorganized sector deals in pickles and sauces World’s 2nd largest production Current processing level of around 10% High suitability for export Dairy Segment dominated by unorganized sector Cooperatives are the major players India is the leading producer in the world Large production base . The vast production base offers India tremendous opportunities for export. During 2016-17, India exported fruits and vegetables worth Rs. 10,369.96 crores/ 1,552.26 USD Millions which comprised of fruits worth Rs. 4,448.08 crores/ 667.51 USD Millions and vegetables worth Rs. 5,921.88 crores/ 884.75 USD Millions. Mangoes, Walnuts, Grapes, Bananas, Pomegranates account for larger portion of fruits exported from the country while Onions, Okra, Bitter Gourd, Green Chilles, Mushrooms and Potatoes contribute largely to the vegetable export basket for export. Investment in this sector can also boost the economy of our county . Major Export Destinations (2016-17) : Bangladesh, Malaysia, Sri Lanka, United Arab Emirates, and Nepal. . The further scope will discuss in details in next blog of annadataonline.com .
Agriculture/ Food Processing Related Sector Scope :
1. Cold chain system, pre and post-harvest handling facilities plant set up ..
2. Identifying the sea ports, ICD’s, warehouses, distribution centers, quality testing infrastructure along with supply chain network for exports .
3. set up high-tech processing plants for making Branded Process Foods .
4. Evaluation of infrastructure requirements- implementing PPP model of recycle of agri waste for making electricity .
5. Statewide gap analysis of the available infrastructure to enhance export potential .
6. Analysis of the available procurement infrastructure for cluster specific commodities and the gaps to be bridged in this regard.
7. Commodity wise analysis of the required infrastructure- Development of Agri Tech instrument firms for the sector development growth .
The Ministry of Commerce and Industry is aggressively planning to boost the supply chain management so that the interstate and export boost up . Appreciable initiative like World food India ,and other marketing platforms are encouraged to promote agri and agri related sectors through Indian Government . Different finance scheme like ” Pradhan mantri kisan sampada Yojana ” and other extended schemes are launched/modified to encourage the investor/start up entrepreneur.