MEDIA RELEASE PR41796
India's Processed Food Industry Under the Spotlight
MUMBAI, India, Oct. 19 /PRNewswire-AsiaNet/ --
India's processed food industry is undergoing major developments as a
result of government endorsement schemes and capital investments. Food
ingredients (Fi) India trade exhibition, to take place this week in Mumbai,
will address the latest industry issues and will see future investment into
the country.
With an average of 6.3% annual economic growth and expending middle
class, now over 300 million, India is one of the world's leading markets.
These factors have driven government investment in the processed food
industry, with the goal of providing better nutrition to India's large
population and improving further living standards.
"The Indian food and beverage market is expanding rapidly and is expected
to touch US$ 330 billion by 2013. The government of India is envisaging
substantial investment in the food processing industry over the next five
years," says Mr. Subodh Kant Sahai, Honourable Union Minister for the Food
Processing Industries, which also supports Fi India 2010.
Tax breaks for FDI, cold-chain infrastructure developments and capital
investment in 30 food technology parks have led ingredients suppliers to
assess expansion opportunities in India, with many of them using Fi India
2010 as a platform to introduce latest products and form new business
partnerships. Leading suppliers such as A B Mauri India, Advanced Enzyme
Technology, Cargill, Colloides Naturels International (CNI), Cognis Specialty
Chemicals, DSM, Fortitech Asia Pacific and National Starch will exhibit at Fi
India 2010.
Fi India 2010 will also cover the most critical issues in the Indian Food
& Beverage industry, with a conference run alongside the exhibition. Topics
include regulatory framework governing food safety and health claims in
India, latest consumer trends and cold-chain challenges. The conference will
feature a line-up of carefully selected speakers from leading food and
beverage manufacturers, ingredients suppliers and research organisations.
The 4th edition of Food ingredients India trade exhibition will take
place on 22 - 23 October in Bombay Exhibition Centre, Mumbai. The 2009
edition of Fi India has attracted more than 4,500 food professional from 63
countries.
About the organiser
United Business Media is headquartered in London, UK. The office in the
Netherlands is the organiser of the world-leading Health ingredients, Food
ingredients, CPhi, ICSE and Informex series of food and pharmaceutical
ingredients trade shows. The Dutch office also publishes International Food
Ingredients Magazine. For more information, visit www.ubm.com.
SOURCE UBM
CONTACT: UBM Live, Mrs. Rotem Zur Klapwijk, T: +31(0)20-40-99-560, F: +31(0)20-36-32-616,
Rotem.ZurKlapwijk@ubm.com, UBM India, Mr. Bipin Sinha, T: +91-22-66122600, F: +91-22-66122626,
bipin.sinha@ubm.com
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