Released on = November 14, 2006, 11:25 pm

Press Release Author = RNCOS

Industry = Food & Beverage

Press Release Summary = Industry experts say there’s a need to create 500
institutions at the national level to handle training, standardization and
accreditation. Supply chain systems also need to be streamlined.

Press Release Body = The government has envisaged an investment of Rs 500 Billion in
the food processing industry during the 11th Five Year Plan. The investments will be
made in a strategic manner by the government, financial institutes and private
companies. It’s expected that government’s share in the overall
investment will stand at around 10%, while the remaining will be contributed by
banks & financial institutes and private companies in the ratio of 5:4. The emphasis
is on facilitating links with supply chain systems, testing services other
operations.

Some of the initiatives taken by the government include setting a ‘National
Meat Board’ for the promotion of meat processing. The board will employ
policies that will further take care of R&D as well as tackle issues such as hygiene
and quality assurance. There are plans for setting up around 100 laboratories for
testing of processed food as per the 11th five year Plan. Other such laboratories
will also be brought into action for helping the industry to surmount technical
barriers plaguing exports in this processed sector.

RNCOS’ recent report “Process Food Market- Asia-Pacific
(2006-2007)”, talks about the prospects of the processed food industry in
India. According to analysts, the processed food industry is primarily
export-oriented owing to the low consumption levels at home. The industry requires
government’s assistance to upgrade the quality of service. For this,
government needs to establish 500 institutions for training, standardization and
accreditation. Government’s efforts for promoting this sector will go a long
way in introducing significant changes. Projects and investments schemes are in tune
with the needs of the industry.

This report includes the following:

- Insight into trends along with market performance.
- Pinpointing growth sectors and identify factors driving change
- Identifying market and brand leaders and understand the competitive environment.
- Key Challenges and Strategies in the processed food market.

About RNCOS:

RNCOS, incorporated in 2002, provides Market Research Reports for your business
needs and aims to put an end to your information pursuit. Our expertise in gathering
global business information for industry research, corporate training, growth
consulting, and business consulting, brings reputed companies and firms to us for
business enhancement solutions. We can be your one-stop-shop for Industry research
information and niche market analysis.

For more information visit: http://www.rncos.com/Report/IM07721.htm

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Contact Details = RNCOS
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