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Bihars agriculture & food industry may touch Rs 1 lk cr by next year

Bihars agriculture & food industry may touch Rs 1 lk cr by next year

by The Daily Eye Team April 18 2014, 11:08 am Estimated Reading Time: 0 mins, 42 secs

Agriculture and food industry in Bihar has the potential to reach Rs one lakh crore mark by 2015 with processed food products cornering 45 per cent share as the state is uniquely placed with abundant agro-based raw materials’ available at competitive prices, cattle wealth, water resources and above all a pro-active industrial policy, according to a recently concluded ASSOCHAM study. “About 15 million tonnes (MT) of cereals comprising rice, wheat, maize along with a wide range of fruits and vegetables are produced in Bihar attracting the global giants and brands in food and beverage segment that are vying to garner prominent share in the state’s agro-food processing sector,” according to a study titled ‘Opportunities for Food Processing in Bihar,’ conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

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