India's Food Industry Set to Soar
India's Food Industry Set to Soar
PR56673
MUMBAI, India, May 6/PRN=KYODO JBN/--
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. 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, held from the 29 September - 1 October 2014, is an essential platform to
enter into this flourishing market.
(Logo: http://photos.prnewswire.com/prnh/20130723/629764-a )
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.
Matthias Baur, Portfolio Director, Food ingredients Global says, "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".
Fi India is the number one food ingredients platform in the entire region.
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.
About the organiser
UBM Live is a division of UBM plc, which 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 and organises related conference
activities. For more information, visit http://www.foodingredientsglobal.com
About Food ingredients
The Food ingredients portfolio hosts the world's leading food, natural and
health ingredients trade shows. Since 1986, the Food ingredients exhibitions
have become the established meeting place for all stakeholders in the food
ingredients industry. Over the last 25 years more than 500,000 people have
attended our shows across the globe and as a result have contracted billions of
euros worth of business deals. For more information about our portfolio of
events and products, please visit:
http://www.foodingredientsglobal.com/europe/about
SOURCE: UBM Live
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