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GulfHost recognises investment potential in fast-growing Indian F&B mkt
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Monday, 02 October, 2017, 08 : 00 AM [IST]
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Dubai
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India’s vibrant food and beverage industry (F&B) has witnessed unprecedented growth in recent years.
According to a KPMG report, it is growing at about 24 per cent annually, while Euromonitor International has projected it to be worth $121 billion by 2021.
GulfHost 2017, which took place in Dubai recently and was a part of Dubai International Hospitality Week (DIHW), was an event that recognised the potential in investment and development across India.
It was the first dedicated hospitality and food service expo in the Middle-East, and brought together about 50,000 hospitality professionals from across the globe, including a large number of India’s senior buyers.
Over 2,000 of the world’s leading hospitality brands were present at GulfHost 2017, which had a dedicated portfolio of hospitality and catering equipment solutions for both front and back-of-house and bar and counter.
“Major foodservice players are drawn to the UAE thanks to its positive long-term outlook,” stated Euromonitor International.
To mark the launch of DIHW, hundreds of senior buyers from major global brands around the world were formally hosted at the central location, between the eastern and western markets and promoted essential collaboration and commerce in the run-up to Dubai World Expo 2020.
A number of senior buyers from India participated in the GulfHost Meetings Programme, that facilitated top level business matchmaking.
Trixie LohMirmand, senior vice-president, exhibitions and events management, Dubai World Trade Centre (DWTC), stated that this year’s attendance from India was very positive.
“It presented a great opportunity for countries across the world who are looking for opportunities to invest in India’s growing F&B industry,” she added.
“The inaugural GulfHost 2017 is the biggest hospitality show in the Middle-East, and its Dubai location means it is perfectly positioned between markets, providing a unique occasion to tap into a market which is witnessing substantial growth,” said LohMirmand.
“At the same time, India’s F&B suppliers are looking to expand their business opportunities beyond their home country, and GulfHost presents an ideal platform to showcase their products to the Middle-East’s industry buyers,” she added.
India was one of the 16 country pavilions at GulfHost, and joined other key supplier countries from Italy, Spain, the United Kingdom, France, Germany, Portugal, Turkey, Greece, China, Korea, Taiwan, Lebanon, Australia, the Netherlands and Egypt.
Exhibitors from India are showcasing the latest and most innovative equipment for front-of-house, back-of-house and bar and counter, including manufacturers and exporters of stainless steel kitchen equipment, utensils and tableware, such as Manek Metal Industries, Pradeep Stainless India Pvt Ltd and Sharda Corporation, and leading manufacturers of food service products and commercial kitchen fittings, such as Arjan Imex and Besteklova India.
Silvia Tonon, head, marketing, Irinox, said, “It’s evident that India’s booming economy will continue to bring opportunities to the hospitality industry, not only in the east, but across the world.”
“While we are based in Italy, our products are world-leading and distributed to 80 countries worldwide,” she added.
“Our vision is for our blast chillers to be in every artisan and industrial kitchen, which means we are focused on finding ways to meet the geographical demand,” Tonon stated.
Venus HotelWare has operated out of India for more than five decades, servicing markets around the globe and supplying stainless steel within the hospitality industry.
Gagan Kumar, merchandiser, Venus HotelWare Pvt Ltd, said, “We have always operated out of India with a truly global approach to everything we do.”
“As India’s economy and hospitality industry grows, we are seeing more opportunities to connect with buyers from the eastern and western markets, and of course, GulfHost provides an excellent opportunity for us to do so,” he added.
GulfHost 2017 was co-located with five other shows - yummex Middle East (jointly organised by DWTC and Kölnmesse), SEAFEX Middle-East and Specialty Food Festival (organised by DWTC) and the Hotel Show and the Leisure Show (owned and organised by dmg events).
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