In the name of keeping the meat industry healthy, one Indian company is trying to help the meat sector.
Meat industry giant Beef Products Pvt.
Ltd (BPCL) has decided to add a meat cleaving tool to its range of products, which will be sold in Indian grocery stores, pharmacies and retail outlets.
The product, called “Meat Cleaver”, will be available in India for the first time on May 10, said Ankit Saini, a senior director, corporate affairs, Beef Products.
The company is the latest company to try and get into the meat market.
The meat industry is the fourth-largest in the world, accounting for about 10 percent of all the world’s meat consumption, according to the United Nations Food and Agriculture Organization.
It has a long history of selling cheap, high-quality meat and products like beef, lamb and pork.
But the sector is struggling to attract consumers and attract customers for the products, said Sudhir Prasad, an economist with consultancy CMC Markets.
The Indian economy is still relatively small compared to the rest of the world.
Its GDP is about $3 trillion, which is about 1 percent of the global GDP.
The food sector is still reeling from the devastating 2008-09 financial crisis.
The Indian economy has contracted more than 5 percent since then, and the industry is still in its recovery phase, said Prasap Dasgupta, senior director at food and beverage research company Euromonitor.
The products, sold in retail outlets, are likely to be priced at between Rs. 5,000 and Rs. 20,000 ($1,000 to $2,000).
The price range for the meat cleave, which also includes a meat cutting knife and meat knife, will be Rs. 10,000.
The meat cleaves will be made from a variety of products including beef, pork, chicken and fish.
The products will also be available for grocery stores.
Saini said the meat products, if launched, will also help reduce the cost of purchasing meat.
He said that the company has decided not to launch any new meat products in the coming quarters.