Indus Food-II Secures Business Deals Worth $1 Billion

Indus Food-II saw participation of 500 exhibitors who displayed products in 14 zones.
  • Franchise India Team Editor
Restaurant India

The second edition of Indus Food saw business deals and agreements worth $1 billion negotiated which would materialise in the upcoming months. "We had 800 global buyers from 78 countries who participated in Indus Food. In the first edition, we had participation from 43 countries which generated business worth $650 million, and this year, we managed to secure business transactions worth over $1 billion," said Trade Promotion Council of India (TPCI) Chairman Mohit Singla. TPCI had organised the two-day Indus Food Supermarket at India Expo at Greater Noida. 

"Indus Food-II saw the participation of 500 exhibitors who displayed products in 14 zones. We had 12,500 business meetings between Indian producers and foreign buyers. Over 10 MoUs were signed during 14 B2B meetings and one multilateral dialogue on Indian tea. We also had three government-to-government meetings with Vietnam, Iraq and UAE and one government-to-business with Bangladesh. Odisha Government was our partner which had organised investor meet," said Singla.

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Supported by the Department of Commerce, Ministry of Commerce & Industry, Indus Food is the flagship global trade show to maximise business opportunities for F&B (food and beverage) industry. Indus Food has been developed as the World Supermarket, to enable rest of the world meet their F&B requirements. 

"The most remarkable aspect of Indus Food-II was that it focused on SMEs for export business by bringing buyers to their doorstep and creating business opportunities for producers of value-added and organic products. Doubling of farmers’ income will happen if the business grows. With the Indian Government itself now working towards the identification of most prominent global buyers and creating their interactions with quality Indian suppliers through Indus Food, the benefit will percolate to the farmers. Moreover, the target of $60 billion exports, as envisaged in our Agri-Export Policy is now within reach,” said Singla. 

“Indus Food especially promotes value-added and organic products. India is ranked first in terms of the total number of organic producers with 11 lakh farmers practising organic. With the Government removing all restrictions on the export of organic farm products, the organic food export is sure to contribute in a much bigger way now, in meeting the target of $60 billion food and agriculture exports by 2022, as set by the Agriculture Export Policy 2018,” added Singla. 

Significantly, at the inaugural of Indus Food-II, Union Food Processing Minister Harsimrat Kaur Badal had said the Centre had roped in NAFED to ensure food procurement direct from farmers to help them get a better income and save their perishable items.