At present, the food tech industry is currently valued at USD $39.71 billion. This can reach USD $65.4 billion by the end of the year as the Govt. of India and IBEF stated in its reports.
A DIPP report said that the Indian Food Processing sector has about USD $6.7 billion as FDI between the years 2000 (April) and 2015 (December). The investments are poised to reach the value of USD $33 million in the next 10 years.
To add to this investment factor, another thing to consider is the opportunity factor. This is based on the data from the Ministry of Food Processing Industries. To add, it reports that 42% of the Indian Food Processing Industry is still unorganized (D&B). Meaning to say, opportunities are up for grabs for prospective entrepreneurs.
All in all, the signs are very promising for the future within the food industry in India.
Following key points might change your mind. These are based on IBEF and MakeInIndia websites:
- The country ranked 6th in the World in terms of agricultural product exports in the year 2013
- India lands 2nd in terms of having the largest arable land in the world
- The country possesses 20 agroclimatic regions; it has all 15 possible major climates, and it has 46 of the overall 60 possible soil types worldwide
- The food processing sector contributed INR 845.22 billion to the GDP in 2012-2013
- Food Processing Industry also has the major employment intensive sectors in the country
- Food constitutes 38.5% and 48.6% of the total household consumption expenditure in 2011-2012
- The growing population is one huge factor in the increase in India’s overall food consumption
- One-third of the population will be living in urban areas by 2020, resulting in an increase in branded, packaged, and ready-to-eat or ready-to-drink items
- Food Processing has been recognized as a priority sector
- Services of pre-conditioning, pre-cooling, ripening, waxing, retail packing, labeling of fruits and vegetables have been exempted from Service Tax
- The food processing sector has a lot of exemptions and rebates are available. These include transportation costs, taxes, customs duty, and central excise duty
- Various investment opportunities are available
- 100% FDI is permitted in the automatic route for most food products
- Many foreign players worldwide are interested to invest in the Indian Food Processing sector
- There is demand for Food Tech Startups
Conclusion
To sum it all up, if you are a foodie and totally interested in science and maybe about technology, then you must consider and include in your goals a career in Food Science and Technology.
The Food and Beverage industry in the country has been consistently rising and increasing and is fast-becoming of the top ones. Plus, it might not end anytime soon as we all know that all human beings and even all creature with life need to eat and drink in order to survive.
In other words, you likely will land a good-paying job in the food industry as long as you have the required education and training, whether here or abroad. The education and training in the food industry are very crucial to your career. This short-term course willl help you earn a certificate, which will be an add-on to your CV.
The bottom line here is that Food Science and Technology is here to stay, not only in India but anywhere around the world. It is one of the applied sciences that becomes even more in demand as the time goes by. If you land a career in this industry, you are a vital member of making sure that the food that people consume not only in your country but worldwide is safe and has the best nutrients one can get in a processed food and similar items.
So, Dive into this course ahead, 15+ Modules are waiting for you wherein the instructions have discussed about various aspects of Food Science & Technology.
Happy Learning!