Blogs >> Entrepreneurship >>
Emerging Business Opportunities in India
In a developing economy and Country, opportunities exist in almost every segment and scale – infrastructure, health care, education, transport, Energy, Retail, IT, Construction, Insurance…. The list is long and endless. I believe this is true for India as well.
There are two opportunities that come to my mind though – both represent all economies of scale and may not have not been debated or reported as much. These are in the areas of Food Storage, Transportation, Food Processing & Water treatment, distribution and harvesting.
The latest FICCI report indicates that 40% of India’s produce in Food, Vegetable and Fruits and Crops perish unused. Imagine 40% wastage in a developing economy ! And to make matters worse, US and EU’s figures are in the 2 to 5%. To me, this represents a huge opportunity – Captive Food processing plants close to where they grow across India, setting up of Cold Storage warehouses and state of the art refrigerated Trucks are going to be needed for decades to come. And these can be done in the micro, small and medium sector also, not just by the large Corporate sectors.
Even in 2009 India is unable to provide drinking and usable Water to it’s Citizens that is a fundamental right as per Indian Constitution – recently Justice Katju and Justice Verma of the Indian Supreme Court passed an order directing the Indian Union to form an Expert Committee cutting across various Departments, Private Sectors and the World to evaluate , develop and adopt technologies that suit India conditions and resolve this Water impasse. This and earlier demands throws up many opportunities in Water Treatment, Distribution, Harvesting and related areas. Again, this can be done in all economies of scale and across India – from the rural to the city domains.
As I said, there are many opportunities in India, but these also represent depth and width and a long term promise that make good Business sense.
Watch out for more leads and opportunity in this column.
|
|
