Is the tomato processing business profitable in India?
Any business depends on the location, the market and the competition. In India, the tomato processing industry is highly grown and have high potential in profit. It is indeed a highly profitable and growing market.
The tomato processing industry in India has seen a steady growth in the past few years. Following the India’s economic liberalization in the early 1990s, the industry has grown at an annual rate of about 17 percent. In 2012, the industry generated revenue of about US$1.9 billion, which is about a quarter of the revenue generated by the Indian processed food industry.
It is a very good business idea to venture into. India is one of the largest producer of tomatoes. If you are really interested in this idea, research more on the tomato market demand and its price. Also figure out what the approximate cost of production might be and also keep a tab on your marketing expenses. You can also add some more products to your canned tomato products which will increase your production. Canned fruits are also in demand. You can try this business if you feel you have enough time to spare and can handle it with great commitment.
For more information, kindly visit: https://startup.techqu.co.in/how-to-start-tomato-processing-business/
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