New Delhi: The food processing and beverages sector creates maximum employment on every Rs10 lakh invested in the segment followed by textiles, agriculture, wood, paper and leather, a study by industry body Assocham has said.
The ‘Sectoral Analysis of Direct and Indirect Employment Potential’ of the chamber said that the food processing and beverages sector creates about 120 new (direct and indirect) jobs on investment of Rs10 lakh.
Textiles, wood, paper and leather segments generate about 60 new jobs on similar investment, it said, adding agriculture creates 51 jobs on investment of Rs 10 lakh.
It further said the food processing and beverages segment generates almost four times more jobs outside than within itself while trade hotels and restaurants lead to much small employment creation in other sectors.
“Taking direct and indirect employment potential together, food processing and beverage rank first, followed by agriculture, textiles, wood, paper and leather products, agriculture, rubber and construction,” it said.