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Harsimrat Badal: India's food and grocery segment on fast track to growth

Friday, September 15, 2017, 15:00 Hrs  [IST]
HBI Staff | Mumbai

According to a report in Afternoon Despatch & Courier, at the inauguration of the 12th edition of ‘Annapoorna World of Food India' at Mumbai, Harsimrat Kaur Badal, Union Minister For Food Processing Industries said that food consumption patterns are now being driven by quality, health and convenience and Indian food companies need to upgrade technology to be competitive in the global markets as also focus on ready-to-eat food products. “India is the world’s second largest producer of fruits and vegetables. but processes just 10% of its produce, whereas developed countries process upto 60 to 70% of its produce. India needs to triple the food processing proportion." she added. 

She said there has been a 40% increase in investment in the food processing industry from the last year, adding "big companies like Amazon, Grofers. Metro and Big Basket are putting in investment in next three years." The Union Minister was in Mumbai to inaugurate this major B2B platform for the Indian Food & Beverage market organised by KoelnmesseYA Tradefair Pvt Ltd. and FICCI. 

Being held at Bombay Exhibition Centre, Goregaon Fast from 14th - 16th September 2017, Annapoorna World Of Food features over 250 Exhibitors from 18 Countries and also has an European Union Pavilion along with a number of state government pavilions.

 
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