India is fast becoming one of the most sought after destinations for food investments as the food industry in the country is currently growing at an annual rate of 13%. It is valued at US $135 billion and estimated to reach US $200 billion by 2015. This growth will solidify Indias position as a key player in the global food ingredients market.
With this in mind,Fi & Hi India,organised by UBM India,held a three day B2B event,where participants got to connect and do business with top global suppliers of food,health,and natural ingredients.
The 2013 edition of this event,held in Mumbai from October 3-5,provided both regional and global food professionals an opportunity to learn about the latest industry developments.
During his inaugural address,Tariq Anwar,Minister of State,Agriculture and Food Processing,said: “In the emerging global scenario,to meet the needs of the booming food processing sector,it is important that India gears itself to meet the domestic as well as international standards. The Indian food industry is currently employing 13 million workers and the companies in the food sector contribute 13% of countrys exports. The government is setting up food testing laboratories,storages etc. for processing food ingredients to ensure food safety.”
“Fi & Hi India 2013 is giving companies a platform to showcase their innovative techniques and solutions in the food processing industry, he added.
This edition presented several seminars,addressed by Prabodh Halde (Marico),Dalbir Wariah (ITC Foods),C M Reddy (British Biologicals),and Vijayabhaskar Reddy (Dabur India).
Joji George,managing director,UBM India said Fi and Hi India showcases top suppliers of health,natural and food ingredients from all over the world. The event focuses on innovation and consumer trends,providing a platform for key professionals from around the world to link to this exciting Indian market.