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Ninth essay of Fi & Hi India kicks off in Mumbai; To conclude on Oct 1
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Tuesday, 30 September, 2014, 08 : 00 AM [IST]
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Libin Chacko Kurian, Mumbai
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fiogf49gjkf0d The ninth edition of Food Ingredients (Fi) and Health Ingredients (Hi) India 2014, organised by UBM India, commenced at the Bombay Convention and Exhibition Centre on Monday. One of the largest events dedicated to the Indian food and health ingredient sectors, it would conclude on October 1, 2014. It would bring the industries’ leading decision-makers, experts, buyers, producers and suppliers together.
Fi India is the leading platform to source high-quality ingredients, network with industry professionals, learn the latest industry trends and innovations, and expand the market share. This year, with over 115 exhibitors from 50 countries, the organisers are expecting the number of participants to increase by 25 per cent from the last year.
Joji George, managing director, UBM India, said, “India is the second-largest producer of food with its domestic food market, estimated to reach $258 billion by 2015. Hence, it becomes crucial for the players in the food and ingredient sectors to gear up for the growth.”
“An industry show of such magnitude provides the apt setting for those involved to interact, share and exchange ideas while understanding the true nature and potential of the sector. Through the inclusion of a packaging pavilion, we had added a new dimension to the show, thus extending our reach to another domain from this sector,” he added.
On the sidelines of the three-day event, there was a national seminar on innovative food ingredients and additives and their role in the development of food processing. The seminar was organized in association with the All India Food Processors’ Association (AIFPA).
The on-site seminar was attended by industry leaders, who highlighted the innovations in food ingredients and opportunities in nutraceuticals. The event is supported by the ministry of food processing industries (MoFPI).
Ajit Singh, president, Health Foods and Dietary Supplements Association (HADSA), said, “Over the last year, the food processing industry has witnessed substantial investment form multinationals, and today this sector has become one of the major contributors to the overall foreign direct investment (FDI) pie in India.”
“Through Fi and Hi India, UBM India has been able to create a global platform for various stakeholders to engage, impart cutting-edge knowledge and exchange innovative ideas to provide the much-needed boost for the growth of this sector in India,” he added.
As a special engagement during Fi and Hi India 2014, UBM India inaugurated a two-day workshop on ‘Basics of Bakery Modernisation’.
It is designed to impart basic knowledge on ingredients and packaging for bakery products.
During the inaugural ceremony of the workshop, a book titled ‘Handbook of Regulatory Requirements for the Bakery Industry’ was also released.
The book is a one-stop solution for the bakery industry detailing the effective ways of managing compliance issues with all regulatory requirements.
Amongst other key attractions at Fi and Hi India 2014 was the The Discovery Tour, which allowed visitors a self-guided tour of the fair to meet and interact with leading exhibitors in the areas of healthy reformulation and functional ingredients.
Fi India has been consistently growing in size and depth, attracting industry leaders and key exhibitors.
Some of the participants at this year’s show included Ace International, ADM Agro, Berry Pharma, Glanbia, ITC Colors, Kerry Ingredients, Mintel, Naturex and Roquette.
Sagar Kurade, managing director, Suman Project Consultants, said “The Indian food processing industry has a great potential, due to the size of the population it serves.”
“We have many yet-unexplored or ignored sectors, which can turn in a big value addition to our country,” he added.
“We are one of the largest producers and consumers of seafood, but we also push almost half the seafood we produce,” Kurade said.
“Chitin and Chitosan are value-added products that are derived from the waste of fish. The sale of fish waste has a huge potential for commercial exploitation. If we can explore this sector, there is huge potential of business with huge profits,” he added.
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