MUMBAI, India, Oct. 18 /PRNewswire/ -- 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.
For more information visit www.ingredientsnetwork.com/India
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.