India’s food industry set to soar
Local market drives India’s food industry to be one of the fastest growing
Changes such as economic growth, the relaxation of import and export policies, the growth of organised retailing, plus the changing lifestyles and food habits of people in India, have opened the doors for imported food products from around the world - although the Indian market offers a wealth of food.
In recent years, India has seen a rise in middle – income groups which has resulted in an increase in consumption of functional foods , convenient and ready foods and health foods.
The domestic spend of the average Indian consumer is approximately 30% of their total income, making the region an integral part of the food ingredients network. The study on the Indian food industry by "FICCI – E&Y" also supports this fast growth by demonstrating that investment opportunities in the region are set to rise to US$ 258 billion by 2015. Given the growth of the food industry in India, "Fi India" (exhibitors list), held from the 29 September – 1 October 2014, is an essential platform to enter into this flourishing market.
"Fi India", the only food ingredients trade fair in the entire region, announces the first Food Technology, Processing & Packaging Pavilion in 2014, to showcase products, technologies and innovations in these areas. The Indian government has taken measures within the Agriculture Produce Marketing Committee and the implementation of the National Horticulture Mission in order to boost the processing procurement, processing, storage and transport activities within the country.
Also returning is the popular Health ingredients India pavilion, to meet the industry demands for health, nutritional, ready and functional foods.“'Fi India' is playing an integral role in shaping a successful future for the Indian Food Industry. It has certainly made great contributions in improving the awareness, and the Indian industry's standing, on the world stage”, says Tariq Anwar, Minister of State for Agriculture and Food Processing, Government of India. The exhibitor showcase modules conducted onsite concurrently will be giving visitors a detailed idea of the various new and improved food ingredients and their applications. „With the key focus on customer insight, business development and innovation and trade, in a region with one of the fastest growth rates in the world, "Fi India" is the most cost-effective platform to source new ingredients and is the key stepping stone to enter the Indian food ingredients market”, says Matthias Baur, Portfolio Director, Food ingredients Global.
Infos: As part of the Food ingredients portfolio, buyers and suppliers have the opportunities to engage with new customers and also present new business growth and opportunities to their existing client base and is the top meeting place for companies looking for new business opportunities within this rapidly expanding economy. Food ingredients India takes place from the 29 September – 1 October 2014 at the Bombay Convention and Exhibition Centre, Mumbai, India, www.foodingredientsglobal.com/india/home