The Indian economy, one of the fastest growing major economies in the world, is a $2.3 trillion economy today (IMF) and is poised to grow at a similar pace in the next 2-3 decades. The Indian food processing industry, one of the leading industries in the country, is a major contributor to India’s growth process and has been identified as one of the priority sectors under the “Make in India” initiative. The industry has huge potential in terms of fuelling growth, generating employment and attracting investments from across the world.
The food processing sector in India is comprised of five segments, namely, dairy, fruits & vegetable processing, grain processing, meat & poultry processing, fisheries and consumer foods such as packaged foods, beverages and packaged drinking water. Of these, India ranks first in the world in terms of milk production at 155.5 million tonnes during 2015-16. India is also the leading producer of buffalo meat, livestock and millets, the second largest producer of cereals, fruits and vegetables, and ranks second in the world in terms of overall food production.
In recent years, the Government of India has undertaken several major reforms and initiatives to boost the growth of the food processing sector. A major economic reform was the allowance of 100% FDI under the automatic route in food processing industries, to encourage greater investments in the sector. Recently, 100% FDI has also been allowed for trading, including e-commerce for food products manufactured or produced in India.
With the aim of providing state of the art infrastructure and setting up of modern food processing units along with a well-established supply chain, the Government of India has been implementing the scheme of Mega Food Parks since 2008. Mega Food Parks with common utilities like road, electricity, water supply and common processing facilities like pulping, packaging, cold & dry storage and logistics are being promoted in areas with strong agricultural resource base. So far 41 Mega Food Parks have been sanctioned, out of which 9 have been operationalized, with 3 more to be operationalized soon.
To promote holistic growth of the food processing sector and address gaps in the supply chain, the Government has proposed to restructure ongoing schemes such as Mega Food Parks, Integrated Cold Chain, Value Addition and Preservation Infrastructure etc., under one umbrella scheme – the new Central Sector Scheme, SAMPADA (Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters). The scheme is proposed to be implemented with an allocation of Rs. 6,000 crores. With the objectives of supplementing agriculture, modernizing processing and decreasing agri-waste, it is expected to leverage investments of Rs. 31,400 crore, handle 334 lakh million tonnes agri-horti produce worth Rs.1,04,125 crore, benefit 20 lakh farmers and generate 5,30,500 direct as well as indirect employment in the country by 2019-20.
World Food India 2017
To showcase the immense potential and the opportunities offered by the Indian food processing sector, the Ministry of Food Processing Industries (MoFPI) is organizing India’s first-ever and largest event in food processing and allied sectors with strong international participation, World Food India 2017 to be held in New Delhi during 3-5 November, 2017.
The mega convention is slated to be inaugurated by Hon’ble Prime Minister of India Shri Narendra Modi on 3rd November. Hon’ble President of India, Shri Ram Nath Kovind, has kindly consented to address the Valedictory Session. Hon’ble Minister of Finance and Corporate Affairs Shri Arun Jaitley, Hon’ble Minister of Commerce and Industry, Shri Suresh Prabhu, and Hon’ble Minister for Food Processing Industries Smt Harsimrat Kaur Badal as also Sadhvi Niranjan Jyoti, Hon’ble Minister of State for Food Processing Industries are expected to participate in the 3 days of the event.
A vast area of 40,000 sq mtr in the verdant lawns of India Gate in the heart of City is being prepared for the exhibition and conferences. A range of related events are part of the agenda, including Roundtable sessions, conferences, Food Street, etc.
Along with the objective of facilitating partnerships between India and international businesses, the global event aims at establishing India as a preferred investment destination and manufacturing hub for the global food processing industry, in line with the Government’s Make in India initiative. Confederation of Indian Industry (CII) is the National Event Partner.
World Food India has already attracted participation from 30 countries and 27 state governments including all the North Eastern states. Germany, Denmark and Japan are the partner countries for the event while Italy and Netherlands are the focus countries. Many Ministerial and business delegations would be present in the event with significant participation from USA, France, South Korea, Sri Lanka, among others. 59 CEOs including APAC leadership of leading companies and more than global 200 companies are expected to participate in the event, along with top 100 Indian companies in the sector.
An exciting feature of the event would be “Food Street” – a lively vibrant zone, that will showcase Indian and foreign cuisines using Indian ingredients, flavours and fragrances, specially curated by Chef Sanjeev Kapoor. The Food Street is a unique concept that would act as a platform for guests to learn about the globalisation of Indian food through interactive chef talks and demonstrations, experience the traditional flavours as well as modern fusion food and give the attendees a wholesome experience about the diverse uniqueness that Indian food offers.
The objective of Food Street is to popularize Indian cuisine to international markets and build interest and demand for indigenous ingredients in the global markets as well as generate joint venture opportunities wherein domestic and international companies can experiment with new fusion cuisine.
Also, at the exhibition, a record for creating the world’s largest dish made from Rice & Beans (Khichdi) would be attempted, competing for a Guinness World Record.
The mega event would also host 8 conferences, with topics relevant to the sector as well as 2 plenary sessions, including a special plenary session on start-ups with venture capital firms. Eight sectoral publications would be released at the event.
A 2 day Hackathon with a focus on “Developing innovative technology enabled solutions for challenges faced by Food Processing Sector” would be organized on 27 & 28 October 2017 in New Delhi and would be judged by an eminent jury. Students, Entrepreneurs, Start-ups & technology enthusiasts across the country will be presenting their solutions in the Hackathon, covering topics such as Food wastage & its Carbon Food Print, Information on Backward & Forward Linkages for Farmers, Measuring Freshness and Quality of Fruits & Vegetables etc. More than 136 teams have registered for the Hackathon and 63 teams have been invited to present their solutions on 27 & 28 October, 2017 at India Habitat Centre.
To encourage start-ups and innovative ideas in the food processing sector, the event would host the Start-up Awards where start-ups will get an opportunity to showcase their products, services and ideas to address the key challenges in the sector. Start-ups from five categories, namely, Innovative Food Products, Innovative Technology, Innovative Processing, Innovative Packaging and Innovative Marketing have been invited to pitch their ideas to VCs and funders. Applications were invited across the food processing value chain and more than 100 teams have registered for the programme.
World Food India 2017 would impart a huge boost to the Indian food processing industry by showcasing the immense investment potential of the sector and helping a variety of stakeholders in the process, thereby boosting the Make in India initiative.