The developed world's food basket consists of 80 per cent of processed food, while the share is only 1.3 per cent in India.
Opportunities in food sector
The Government of India has set a target of raising the share of processed food in the total food basket to 10 per cent in 2015 and 25 per cent in 2025, from the present 1.3 per cent. The Vision 2015 of the Government of India targets for an investment of Rs. 1,10,000 crore in the food processing sector. It also aims to raise the share of processed food in the total food basket from the present 1.3 to 10 per cent in 2015. It will be further raised to 25 per cent by 2025.
Kerala has a history of spicing up the world's cuisines as in the fables have King Solomon's trade agents collecting pepper and other spices from Kochi. That was about 3000 years ago. Today, Kerala's food processing industry serves two markets - the fast emerging domestic market and the steady-growing export market. The Government's industrial policy seeks to "convert Kerala into a favoured destination for Agro Processing."
The availability of raw materials, especially spices and sea food; availability of skilled and trained man power; availability of high quality water and power; very active local market; a vibrant retail chain; successful track record of existing players and a very large expatriate community, ensuring a captive market abroad are the Kerala advantage.
Infrastructure facilities so far developed in this sector are the 3 Food Parks at Kozhikode, Ernakulam, Pathanamthitta districts, Seafood Park in Alappauzha district, Incubation Centre at Kakkancherry, Kozhikode, Proposed Food Parks, Mega Food Park, Wayanad, Spices Park, Idukki and two Quality Control Laboratories.
Kerala Industrial Infrastructure Development Corporation (KINFRA) is the nodal agency for the promotion of food processing industry in Kerala.