Grant Thornton Report on the Indian Food & Beverage sector

I have nothing to do with study or the report or with Grant Thornton. Someone forwarded the info to me and I am simply sharing this for the benefit of those in the F&B industry. 

Report can be downloaded from here:

http://gtw3.grantthornton.in/assets/Grant%20Thornton-CII-Food%20and%20Beverage%20sector%20-%20the%20new%20wave.pdf

Indian Food & Beverage Sector

The new wave

August 2014                                                                                                        

As knowledge partner for the “FOOD & BEV SUMMIT 2014: Conference on Indian Food Sector – The New Wave”, organised by the Confederation of Indian Industry (CII) on 22 August 2014 in Mumbai, Grant Thornton in India is delighted to release the report “Indian Food & Beverage Sector: The new wave”.

The report examines the growth potential of the Indian food and beverage sector. It suggests that while some of the Indian players are making use of newer technologies to increase production, meet international quality standards and thereby increase profitability, since the industry is largely unorganised, the adoption has been sporadic.

Stressing the need for the growth of this sector, Pirus Khambatta, Chairman, CII National Committee on Food Processing and CMD, Rasna said - "A developed food processing industry will reduce wastages, ensure value addition, generate additional employment opportunities as well as export earnings and thus lead to better socio-economic condition of millions of farm families."

"A number of policy and procedural initiatives are required to give impetus to this sector. Despite constraints linked to infrastructure, market access and funding, dynamic businesses operating in this sector have made their mark on the global stage," said Harish HV, Partner, Grant Thornton India LLP.

Commenting on the outlook for the sector, Shanthi Vijetha, Director, Grant Thornton India LLP, said, “The future of the food & beverage sector looks promising with the growing demand due to change in the consumer's lifestyle and consumption patterns including food habits. While the Indian agriculture sector is gearing up for supply with support from government, food processing is expected to play a key role in bridging the gap between the demand and the supply sides and addressing the key concerns of the sector – rising food prices and high levels of food wastage.”

We hope you will find this report informative and we welcome your feedback.

For more information on topics covered in this report, or to get in touch with our subject matter experts, please contact us on: E: contact@in.gt.com or M: +91 9930001230.

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