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Indusfood, largest integrated F&B trade show in South Asia, to be held in Hyd
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Saturday, 07 January, 2023, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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Indusfood, the largest integrated F&B trade show in South Asia, comes to Hyderabad. The 6th edition in the row and first in Telangana will be held at Hitex from January 8 to 10, 2023.
The who’s who of the F&B industry in India and all over the globe is to participate in the show. It ?will be? organised by the Trade Promotion Council of India (TPCI), an apex trade and investment promotion organisation notified in the Foreign Trade Policy. TPCI is also recognised and supported by the Department of Commerce, Government of India.
The show’s highlights include 1,200+ world class buyers from 80 plus countries interfacing with 550+ Indian exhibitors. It will be spread over an exhibition area covering 26,000 sq feet. It takes the lead in commemorating the International Year of Millets, 2023, with a special showcase of millets in its 6th Edition. Unprecedented number of start-ups to exhibit. It will have a special focus on Indian market opportunities with buyers representing modern trade, e-commerce QSRs, airlines and so on.
An export business of US$1 billion is expected to be closed at the show.
The show has grown rapidly to become the largest integrated F&B trade show in South Asia over the past five years. Speaking at the event, Mohit Singla, founder chairman, TPCI, said, “Indusfood has provided a dedicated and powerful platform for the Indian F&B industry to promote its strengths and expand its horizons in the international market. Over the past five years, it has become the sole catalyst for robust growth in India’s processed food exports, by ensuring direct linkages with global buyers.”
India’s F&B exports were recorded at US$42 billion in 2021, growing at a CAGR of 6.7% YoY since 2017. Correspondingly, processed food exports have grown at a particularly robust pace of over 20% during the period to reach US$8 billion in 2021. During January-October, 2022, processed food product exports have further accelerated by 32% YoY to reach US$8.6 billion. “We are positive that Indusfood 2023 will play a catalytic role in building on this strong growth momentum both internationally and in the domestic market,” Singla added.
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