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Foreign investors eager to invest in India’s food industry at Indus Food Fair
Jan 10, 2024

In a remarkable display of global interest, the 7th edition of Indus Food, India’s largest B2B trade fair, attracted investors from over 30 countries keen on exploring opportunities within India’s thriving food industry.

The event, inaugurated by Minister of Commerce and Industry Piyush Goyal on Monday, provided a dynamic platform for leading F&B companies to interact with international buyers.

Among the enthusiastic investors was Debbie from South Africa, who expressed keen interest in India’s diverse culinary offerings. Exploring avenues for collaboration, she focused on products like peanuts and millets, aiming to facilitate value addition in her business.

'We are here to explore and try to find suppliers of peanuts, millet, anything that can be available that is your roasting, so mainly value addition in that line. We also deal with almond butters, cashew butters and macadamia butters,' she told The New Indian.

'Those are some of the things that we are also looking at and learning about the Indian markets. How it can easily relate or correlate with the South African market and how best we can get products from India and supply South Africa. Also make products from South Africa and supply India so that there is a mutually beneficial relationship between the two countries,' she added.

Speaking about their presence at the event, Debbie credited the Trade Promotion Coordinating Committee (TPCC) for funding their visit, emphasising the committee’s role in fostering a mutually beneficial relationship between the two countries. With a market boasting a staggering 1.4 billion people, India’s growing food industry presents lucrative opportunities for international investors.

Recognising the significance of millets, Debbie acknowledged their nutritional benefits, aligning with the United Nations General Assembly’s declaration of 2023 as the International Year of Millets. She stated, 'I have a rough idea of millets. They are good in terms of dietary fibre and it’s good for our guts.'

Meanwhile, exhibitors at the fair shared their positive experiences, highlighting the platform’s ability to showcase their products to investors from diverse countries such as Oman, Kuwait, China, Tanzania, Europe, Vietnam, Nepal, the UK, Turkey, and more.

Anil Jalgaonkar, Sales Executive at Fillpack, a packaging specialist, highlighted the significance of international interactions, saying, 'We interact with new people here; many foreigners come here. We acquire numerous clients under one roof. We have clients from Egypt, Sri Lanka, and Nepal.'

Fillpack, known for supplying packaging machines to prominent Indian businesses like Amul, Mother Dairy, and Haldiram, underscores the fair’s role in fostering global business connections.

Amit Kumar, Founder of Nutglow, specialising in Makhana (Foxnut) and value-added products, shared receiving offers from Hong Kong, Iraq, Oman, and Kuwait. Hailing from the lesser-known city of Darbhanga in Bihar, Nutglow stands out as an entrepreneurial success story, employing around 30 people.

The Indus Food fair continues to serve as a pivotal platform, bridging gaps and fostering international collaboration within the vibrant landscape of India’s food industry.

newindian.in

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