Year: 2016 | Month: December | Volume 61 | Issue 4

Identification of Research & Development Prospects in Small-Scale Food Processing Industries


DOI:10.5958/0976-4666.2016.00086.3

Abstract:

The core objective of this research article is to investigate the different areas of R&D anticipated significant by the entrepreneurs associated with small scale food processing units particularly in terms of their prospect and start-ups motivator of small food processing business in Haryana. The added advantage of Haryana is its close vicinity to National Capital region, state applying contineous efforts to explore the benefit of this sector. Ministry of Food processing Industries visioned various policies and acting as driving force to bring R&D’s benefit for food processing sector but, small scale units probing their turn. The study present was conducted on 160 entrepreneurs engaged in food processing industries in Karnal, Sonipat, and Gurugram and Yamunanagar districts of Haryana state to understand their anticipation towards R&D sector and revealed various aspects which could benefit the small sector. Survey was done with the help of interview schedule. Aquaintness to R&D and availability of institute’s anticiapated most prosperous for food processing with weighted mean score of 2.10 and 2.02 respectively. Economic utilization of biomass, waste utilization and quality testing were other areas of prospects. Socio-economic characterstics of entrepreneurs was also studied. Along with, about one third of entrepreneurs felt that self motivation was one of the important reasons for them to enter into food processing business.





© This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Print This Article Email This Article to Your Friend

Economic Affairs, Quarterly Journal of Economics| In Association with AESSRA

26957357 - Visitors since February 20, 2019