MUMBAI, India, May 6, 2014 /PRNewswire/ --
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.
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