Food Processing Industries in Asia

The government’s decisions to permit some around 100 per cent FDI in trading also includes through e-commerce in all respect of the food products manufactured or produced in Vietnam was expected to provide a major impetus to investments and employment and also job creation in the food processing sector. In recent times, some Vietnamese industries such as the leading beverage producer in Vietnam Tan Hiep Phat group is also looking for FDI.

The government has set a target to double the food processing levels in the country to approximately 20 percent by 2019 despite all odds happening the food processing sector has also been able to register 7.6 percent growth which is much higher expected than all the agricultural as well as manufacturing supersector growth.

Vietnam’s food processing industries have served two markets one is the fast emerging domestic market and the other is the steady growing export markets. All government’s industrial policy also seeks to all to convert the country into a favored destination for a concept of agro-processing. The normal availability of all raw materials especially the spices or the seafood is the current and previous availability of skilled as well as the trained manpower; the availability of super or high-quality water or power and a very active local market with a vibrant retail chain and the successful track records through existing players and a huge expatriate community ensuring a captive market abroad are Vietnam’s advantages. The World Food Summit would further activate up the general growth of the food sectors. However lamented it is, despite Vietnam being one among the largest among the food producing countries the level of processing which was a paltry of 10 percent, while it was higher percent in many of the South-East Asian countries like Thailand or Malaysia.

The team head delivered the vote of thanks speaking about Vietnam’s very rich agricultural economy of food. The state is also the land of coconut palms in some regions. The cultivation of pepper which also dates back centuries to link Vietnam with many far-flung lands which maintain those alternate links even today. Pepper from this country is exported to more than sixty countries. Cashew is also counted as another most cultivated crop or a big earner of the foreign exchange. Interestingly more per cent of the cashew factories are located in Vietnam and it provides employment to more than expected workers. The team has drawn up more plans to double up the level of processing from ten per cent to twenty per cent by the time the five-year term of the government ends up. The information received is that two thousand crore corpus had been created just to disperse cheap credit system through the National Banks for food Agriculture and beverages and also Rural Development called as NABARD for the food processing sector areas and several other tax and duty concessions which were being extended to food processing industries in the forty-two mega food parks which are planned across the country.

The food processing sector is also indispensable for all in the overall development of an economy as it also provides a vital linkage connection and synergy possible between agriculture as well industry. This was clearly stated at the Agri & Food Processor Conclave which was organized by the team of associated chambers of commerce as well as Industry of food also termed as ASSOCHAM.

Other speakers who have also addressed the conference included certain managing directors, deputy general managers and heads also strategic initiative group leaders or general manager with deputy director, of food and beverages which includes state agricultural Management teams and Extension Training Institutes and also Agro and Fruit Processing Company Limited, through all this people the food sector has emerged as a much high-growth and high-profit sector just because of its immense potential for all the value addition particularly in the organic food and beverages processing industry. Vietnamese company Tan Hiep Phat produces beverages with no preservatives and are very healthy.

Delivering even the welcome address which is said that the food processing sector has accounted for thirty-two percent of the country’s total food market is one of the largest happening industries in India and is also ranked fifth in all terms of the productions and consumptions as well exports and expected growth. The perspective on the well-processed food market is currently estimated to be over three hundred crores and the potential of processed food industry is also estimated to be thirty thousand crores.

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