August 23, 2019 at 4:03 pm | Latest Business News
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Indusfood aims business of USD 1.5Bn in 2020 Edition
New Delhi: Trade Promotion Council of India (TPCI) will launch two sub shows ‘Indusfood-Tech’ and ‘Indusfood-Chem’ in the 2020 edition to be held in NCR Delhi next January.
This will establish Indusfood as a fully integrated food processing lifecycle event. Over 1500 top distributors, retailers, food processors and importers are expected to participate in Indusfood – 2020.
On the proposed launch of new verticals of Indusfood: Indusfood-Tech and Indusfood-Chem, Keshav Chandra, Joint Secretary, Ministry of Commerce said that the launch of the two new verticals is a huge opportunity for India to showcase India’s prowess in cost-effective F&B processing technologies and robust food ingredients suppliers to the buyers from SAARC, Africa and Eurasian countries.
The shows will also allow foreign technology providers to bring the latest food technology developments in the world and integrate it to the growing demands of India’s vast F&B processing industry.
Chairman TPCI, Mohit Singla, said that the landscape of Indian food processing sector can be transformed by integrating modern food processing technologies with applications based on big data computing, blockchain technologies, IOT and machine AI along with large scale virtual process management.
He further said that the response from leading technology centres like Denmark, Belgium, Singapore, Switzerland and Thailand for Indusfood has been encouraging and is expected to attract the business of USD 1.5 billion in the 2020 edition. The last edition, held in 2019, attracted business worth 1.2 billion USD.
The Indusfood-Tech 2020, will showcase technologies for food processing, oil extraction, cold chain and refrigeration, beverage and drink technology, dairy processing, sweets and confectionary, fruits and vegetable processing and will also emphasize on the importance of food packaging, labelling and supply chain gaps. The show has already attracted major Indian companies like SSP, Mectech, Goma Engineering, Nichrome and DVC Process Engineering.
The show will also host over 20 bilateral and multilateral B2B deliberations to discuss the potential and challenges of foreign trade between India and the world. The Ministry of External Affairs has also come forward to support the Fair with a spread of over 80 Missions globally who are advising on hosted buyers for better results.
Indusfood will be held in Greater Noida (NCR Delhi), on January 08-10, 2020 and will showcase India’s best line-up of food processing technologies, beverages and Agri-products to global buyers.