Answer:

Potential of Food Processing industry for employment generation

♤ The industry involves gamut of activites involved in reaching the final product to the consumer, starting with farm activity to supply chain.

♤ 42 mega food parks being set up with an allocated investment of INR 98 Billion.

♤ The cost of skilled manpower is relatively low as compared to other countries.

♤ Food Processing Industry is one of the major employment intensive segments contributing 13.04% of employment generated in all Registered Factory sector in 2012-13.

♤ Food is the biggest expense for an urban and rural Indian household constituting share of 38.5% and 48.6% of the total consumption expenditure of households in 2011-12 respectively.

♤ Favourable economic & cultural transformation, shift in attitudes & lifestyles, consumers are experimenting with different cuisines, tastes and new brands. There is an increase in awareness and concern for wellness and health, high protein, low fat, wholegrain and organic food.