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