Food RetailEssay Preview: Food RetailReport this essayRetailing in food and grocery IndustryFood accounts for about 48 per cent of FMCG sales in the countryBy 2020, India is expected to become the fourth-largest food retail market in the world.More and more corporate houses such as HLL, ITC and Reliance are now making inroads into food retail, with some even exploring the integrated approach via agri business and food processing.
The Indian food processing industry was valued at Euro 90 billion in 2005, a growth of 10% over the previous year.Major player:o ITC Limitedo Agro Tech Foodso Cadbury India Ltd.o PepsiCo India Holdingso Nestle India Pvt. Ltd.o Britannia Industries Ltd.o Hindustan Lever Limitedo Milkfoodo MTR foods limitedo Godrej industries Limitedo Gits Food Products Pvt. Ltd.o Dabur India Ltd.The processed-food market is the main focus for foreign companies as this segment is underdeveloped and presents enormous potential for growth. The growth of modern, organized retailing Ж in contrast to the kiosks and small shops from which Indians have been purchasing food traditionally Ж will also increase the demand for value-added
Foods with limited packaging or lack of quality, as per the 2014 Indian food quality report, make it difficult for consumers worldwide to find products with high standards. Hence, a focus on food that exceeds quality in India has been shown by the National Food Quality Index in the 2013-14 report. To achieve a consumer’s satisfaction with the quality of food in India, it was essential to introduce the concept for a sustainable growth of the industry. With this, the development of a food-friendly and inclusive eating environment, with sufficient diversity of tastes, types, and ingredients, has become well established. The concept also brings a lot of new opportunities for the Indian food community. The government also made it possible to get into an understanding, develop a food research and development centre of research institutions in various areas, develop the right practices in the field of food research and development, have its own office in each city, and make food and farming more inclusive. This has already been done in various areas of national and international agriculture and food development, including the environment.
The government will also continue to work closely with the international community on promoting and promoting cooperation as well as co-operation in the fields of food and food-related projects. For instance, the President of the Institute Development, in a letter addressed to Parliament in August 2013, noted that “the food supply and consumer services sectors are an integral part of the fabric of society and food and food production processes. And together with industry and industry share on a comprehensive level, India and the international community will contribute immensely to promoting the development of food services.” At some stages of the food transition, food-related initiatives will be undertaken under the National Food Quality Index, as well as with the government. The food quality improvement mission from the Centre of Excellence of Food for All in September 2014 outlined the basic steps to improve food quality. In the case of the National Quality Index, a number of steps include the inclusion of food in a food-related category, which provides a comprehensive picture of the impact of various products. This was accomplished with three initiatives. A national food safety program was implemented in September 2014, which includes the food safety measures for the four leading brands, which account for 40% of the food-related expenditure in the country (in the year 2015-16). This program includes ensuring that every country has adequate food safety data and is being conducted at levels which are at the level required by national national laws and regulations. The National Safety Authority of India (NSRA I) has initiated an effort to ensure that national inspectors are properly trained and have adequate training to investigate and report in an accurate manner the food safety records. Food safety and food security in India are integral parts of a comprehensive and complex national food policy and a set of