Indian Poultry Exports to Cross Ten Times in Next 5 Years
Released on = May 24, 2006, 4:42 am
Press Release Author = RNCOS
Industry = Food & Beverage
Press Release Summary = RNCOS Research: (http://www.marketsmonitor.com/category/FB10.html) Despite hiccups the Indian poultry exports growing at a steady pace.
Press Release Body = RNCOS Research: (http://www.marketsmonitor.com/category/FB10.html) The second epidemic of the avian influenza or the Bird flu amidst the Indian poultry were corroborated in March 2006. Tests affirmed the presence of the virus in several dead poultry in the western state of Maharashtra.
The Rs. 310 Bn. (6.5 Bn. USD) worth Indian poultry sector which was yet to recuperate from the previous avian flu virus attack that had sparked off an emergency situation, took a very hard blow after fresh avian flu cases were reported in chickens in March 2006.
Despite the passage of a couple of months villagers still alarmed at the possibilities of the infection spreading out among people staying within the immediate vicinity of the poultry. These fears persist in spite of the fact that tests carried out on people allegedly suffering from bird flu have all tested negative.
The latest market research report by RNCOS titled, "Vision For Indian Poultry: Current Scenario & Future Prospects" outlines the economic strength and the development scope of this industry in India. The report further elaborates that Indian government incurred losses amounting to almost $ 25 Bn or Rs 8200 Crore owing to the culling birds and reimbursing for it.
Based on the findings of a comparative study conducted among the different sectors of meat output, poultry has exhibited a noteworthy development. Poultry and egg processing divisions has taken great strides towards upwards growth.
The market research report "Vision For Indian Poultry Industry: Current Scenario & Future Prospects" takes a stock of the fiscal strength and progress of this industry and affirms that the export of Poultry meat is expected to be about Rs.50 Crore and will probably cross the Rs. 500 Crore mark in the coming 4-5 years.
The wide ranging SWOT analysis carried out by the report examines the impediments retarding the speed of growth in this sector, in spite of an increased supply and demand of poultry items in bordering and remote countries.
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