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Introduction
India is the world's second largest producer of food next to China. The total food production in India is likely to double in the next ten years. Health food and health food supplements is another rapidly rising segment of this industry.
Food Law
Food Safety and Standards Act, 2006 (FSSA) The Prevention of Food Adulteration Act, 1954 The Vegetable Oil Products (Control) Order, 1947; the Edible Oils Packaging (Regulation) Order, 1998. Infant Milk Substitute, Feeding Bottles and Infant Foods (Regulation, supply and distribution) Act, 1992.
Trade Fairs
International Food & Drink Expo India 2010 -New Delhi. Organizer -Tarsus Group. TASTE Expo 2011 Mumbai. Organizer - Exhibitions India. Annapoorna - World of Food India 2010 Mumbai. Organizer FICCI.
Indian Spices
Throughout history, many expeditions have come to India, or landed up in America, looking for the spices from its Malabar Coast. Ayurveda, the indigenous system of Indian medicine, uses a large number of spices in its combination of preventive and curative medicines. Pepper, Ginger, Cardamom, Turmeric, Cumin, Cinnamon, Karipatta, Basil, Mustard.
Continued ..
MTR foods limited (Snacks and Icecreams) Godrej industries Limited (Beverages and Staples) Gits Food Products Pvt. Ltd. (Snacks and Dairy) Dabur India Ltd. (Beverages and Culinary) Haldirams (Bakery products and Snacks) Hindustan Unilever Limited (Beverages, Staples, Dairy) Nestle India Pvt. Ltd. (Confectionary)
Advantages
India is one of the largest food producers in the world. India has diverse agro-climatic conditions and has a large and diverse raw material base suitable for food processing companies. India has huge scientific and research talent pool. Well developed infrastructure and distribution network. Strategic geographic location (proximity of India to markets in Europe and Far East, South East and West Asia).
Challenges
Consumer education that processed foods can be more nutritious. Low price-elasticity for processed food products. Need for distribution network and cold chain. Backward-forward integration from farm to consumers. Development of marketing channels Development of linkages between industry, government and institutions.