Business

The good news; 1 million jobs in New Year! Revitalization of the food manufacturing industry

The country's food manufacturing industry is expected to create about 1 million new jobs by the end of next year. Corona has caused a major crisis in the industry this year, which has led to a decline in employment. '

The country’s food industry is expected to create around one million new jobs by the end of next year. Covid-19 has caused a major crisis in the industry this year, which has also led to a decline in employment.” According to Dineout, 45 percent of youth in the new year is likely to return to ‘Health Food’. According to the report, the restaurant is likely to focus on regaining customers. In the new year, 90 percent of restaurants are expected to adopt digital menus.

According to Dineout CEO Ankit Malhotra, the food industry in the country is facing a major crisis due to the Coronavirus pandemic. However, the industry is slowly recovering and is expected to create 10 lakh new jobs by the end of next year. Against the backdrop of the Covid-19, the face of the restaurant industry has changed dramatically, with consumers turning to healthy food. Cloud kitchens are also on the rise, with rising takeaways and home deliveries.

30% increase in home delivery?

According to the Dineout report, in 2021, there will be an emphasis on contactless and digital payments. Takeaway orders are expected to grow by 30.5 per cent in the new year. Cloud Kitchen’s market share is expected to increase from the current 13 per cent to 30 percent. Surprisingly, the number of home chefs is expected to increase four times by the end of next year, the report said.

Seventy lakh jobs

The graph of the food industry was seen declining since the lockdown, including restaurants. After the lockdown, by following rules, many businesses started functioning. This industry had employed more than seven million people before the Covid-19 pandemic. According to the National Restaurant Association of India (NRIA), more than 30 percent of restaurants and beer bars have been permanently closed due to the lockdown.

The food industry in New Normal

– 45 per cent: Youngsters will turn to healthy food

– 90 per cent: Restaurants will adopt digital menus

– 30 per cent: Cloud kitchen

Mrunal Jadhav

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