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Global processed food industry has just touched the Rs
1.6 million crore bench mark and is growing at a decent
pace well ahead of other manufacturing sectors. In contrast,
India, boasting of population almost one fifth that of
the world, is reported to have a "marketed" food business
worth Rs 1.4 lakh crore, if the value of output by primary
processing sector with very low value addition is also
taken into consideration. The size if Indian food industry
is estimated at 5-6 lakh units and involved really in
some form of processing of one material or the other.
In commodity processing, top 3 companies in the world
account for Rs 3.23 lakh crore while our best company
NDDB can boast of a paltry Rs 2,000 crore turn over annually.
Top 6 companies in the world involved in value addition
in foods through branded products have an annual business
volume of Rs 6.47 lakh crore, while our best 5 companies
accounted for only Rs 4,750 crore. In retailing business,
6 major global companies report Rs 3.34 lakh crore business,
while in India, we do not have a major player leaving
the retailing to millions of scattered vending outlets
mostly single ownership entities. Average size of a company
in the first 20 major food processing industries in USA/Europe
is in the range of Rs 14,000-40,000 crore. In India, the
corresponding figure is hardly Rs 500 crore.
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