Tuesday 13 June 2017

Egg business contribution to Indian economy growth

Over the years, egg business is traditional practice and it was one of major source of income for people living in rural and semi-urban regions of India. In ancient when fire wasn’t discovered early human beings had eaten raw food items. After invention of fire gradually consumer started to cook food. Since then there were numerous transformation had been made, like the way people eat time, spend money and consumption pattern. All these changes are beneficial for Indian economy; business opportunities as well as employment were generated. At current scenario, India is ranking among top countries in terms of food production, processing and consumption. The poultry industry is constructed to fulfil large population demand, everyone wants to eat fresh and quality food items contain essential nutrients to build a healthy body. Eggs are consumed in each and every corner of the world, exclusive egg restaurants had been opened to carter consumer needs and wants.
India is ranked among top five countries in terms egg production and consumption. The whole poultry industry is segregated into organized and unorganised market share. The productivity of organized segment is contributing high i.e. 70 percent and 30 percent is shared by unorganized. In fact, 75 percent of eggs are consumed by rural and semi-urban population. At present, approximated 1000 hatcheries are in force in the country. These numbers will project to increase rapidly due to heavy demand and increasing population as well as per capita income rise. Though, immense business opportunities are waiting but industry is lacking infrastructure development, skilled manpower and technology involvement. To overcome all issues government has initiated various programs to support sustainable growth of egg industry. It goes without saying that India has acquired good position in food and drinks industry. For continuous growth technology should be coupled with traditional way of doing business to generate more revenues.

No comments:

Post a Comment