India Pakistan Trade Unit
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Food and Drink Sector Reviews
Synopsis
Definition and scale of sector
- Agricultural commodities supply primary produce processing,
- Secondary processing,
- Wholesaling distribution,
- Food-processing machinery
Why the sector was chosen in the West Midlands
- Employment growth recorded in cluster.
- Consumer tastes and concerns over food safety are key drivers.
- Both create opportunities to value added through, for example, innovations in prepared ethnic foods and organics.
- Significant force for change in rural areas through a strengthening of supply linkages.
Frozen Food Sector Review from the Board of Investment Bangladesh
Frozen food
Sector Highlights:
- Government is promoting semi-intensive shrimp farming.
- Fish and prawn exports grew at an average 20% in the past decade.
- Shrimp processing and export industry is largely dominated by the smaller unorganized sector.
- 15% cash incentive is given to shrimp export amount.
Industry Outlook
The frozen foods export is the second largest export sector of the country. The average annual growth rate is about 28%. This export-oriented industry includes the following sub-sectors which need proper attention for augmentation of production and export earnings.
- Hatcheries
- Sustainable aqua-culture technology
- Feed meals plants
- Processing unit for value-added products.
Investment in frozen food sector with new technology and equipment has a vast potential for growth.
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