Today Bakery and Confectionery Industry is booming next to Information Technology.
India acquires the second rank for producing wheat in the world. Bakery and Confectionery Industry is highly profitable venture as compare to other business industry. The growth rate of bakery products have tremendous in the both urban and rural areas. As per the figures or information of Agriculture Ministry Government of India, India normally produced about 72 million tonnes of wheat in 2003-04. This is the 12 per cent of the world production. The wheat produced in the country is mostly suitable for production of bread and bakery products, which is soft to medium hard with medium protein content. Today people are very health conscious they demanding more wheat bread instead of white (Maida) bread.
It is estimated that in India Confectionery Industry is worth 69 billion. Out of this biscuits and bread hold share around 82 per cent. Some of The bakery products fast catching up with the popularity trend in India are Bread, pastries, biscuits, and buns, cakes.
In India today Bakery Industry is booming next to information technology. Presently all the IT offices such as call centres ,BPO, data entry centres has started providing food in the work spot as it has become a necessity for them because their schedule and work timings varies according to the project undertaken.
However, positive news for India´s bakery industry is that recession has not made an impact in this sector. A few months back the rise in oil prices the input costs for the bakers had increased; when the prices back to normal the bakers are finding relief in the increased margins once again.