The Food Processing industry is among the most promising industries in the State of Maharashtra and has great potential to add value to a variety of commodities from food to beverage. The industry is known to create jobs, and opportunities for entrepreneurs to expand businesses into new areas, whether food or beverage related. The food processing industry is a very important and dynamic sector in India. It is a major contributor to the economy of Maharashtra and contributes to the state’s economy in other ways too. The food processing industry is worth over Rs.100, 000 Cr. and employs more than 4 million people.
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Food and agro-economic conditions in Maharashtra
Maharashtra has one of the largest food sectors in India. The state produces around 35% of the country’s food grains and ranks among the top 10 manufacturing hubs in the country.
- The state has set a target of doubling farmers’ income through improved agriculture in the next 10 years.
- The Maharashtra Food and agro-economic scene has traditionally been dominated by large-scale agribusinesses and specialized food processing industry and packaging companies.
- Most of India’s sugar cane is harvested in Maharashtra. But other foods and the packaging required to contain those foods are processed and packaged in other states.
Agriculture and Horticulture Opportunity in Maharashtra
Over the years Indian agriculture, especially in the state of Maharashtra, has gone through a lot of changes. While the country is known to be a major producer of grains, fruits, vegetables, and oilseeds, over the years the country has made significant strides to improve crop yields and agricultural productivity.
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The Marathwada region also features a large diversity of fruits and vegetables and is one of the most important agricultural regions in Maharashtra. It contributes more than 5% of the total agriculture production in Maharashtra and accounts for around 2% of the country’s GDP.
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Government support for food-agro business
- Loans with a 5% interest rate subsidy for 5 years
- Free stamp duty and registration fees
- Exemption from electricity taxes
- Concession of 50% related to land
- Improvements and a 5% subsidy for technology upgrades
Government assistance is also provided for the setup of new plants, the modernization of the industry, and its expansion. A wide range of sectors is eligible for this scheme, including fruits, vegetables, milk, meat, fishery, rice milling, pulse processing, etc.
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Food Parks in Maharashtra
Maharashtra, India’s largest state, has eight food parks where fresh vegetables are grown and processed for sale to restaurants and consumers. The state has become a major agricultural producer and exporter of fruits and vegetables thanks to the food parks. The Maharashtra government has invested in the food parks to promote food manufacturing and food processing. The food parks have created thousands of jobs, and the products they produce are sold across the state and exported to other countries.
It has three wine parks and three floriculture parks. The wine parks are located across the state and promote branded wine production. The floriculture parks are currently only operational in the state’s Konkan and Marathwada regions, with plans to expand them.
If you are planning to start your business in the food and agro sector in Mumbai, you can take the help of NIIR consultancy services. NIIR sets the standard for integrated Consultancy services. Our belief in open communication and partnership, which is at the heart of everything we do, helps us in providing our clients with the best of the knowledge and business insights that can help them attain their individual business goals.
If you need information about the Agro-Food Processing Business, then contact NPCS. The project report from Entrepreneur India enables you to choose a profitable project for investing in or diversifying into by shedding light on crucial areas including business size, the product’s market potential, and the motivations behind investing in the product. By defining the target client organisation for the product, the study helps you promote and position it effectively.
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