Indus Food-II saw business deals worth $1 billion: TPCI

The second edition of Indus Food saw business deals and agreements worth US$1 billion negotiated which would materialise in months to come. “We had 800 global buyers from 78 countries who participated in Indus Food. In the first edition we had participation from 43 countries which generated business worth US$650 million, and this year we managed to secure business transactions worth over US$1 billion,” said Trade Promotion Council of India (TPCI) Chairman Mohit Singla. TPCI had organised the two-day Indus Food at India Expo in Greater Noida which ended on Tuesday.
“Indus Food-II saw participation of 500 exhibitors who displayed products in 14 zones. We had 12,500 business meetings between Indian producers and foreign buyers. Over 10 MoUs were signed during 14 B2B meetings and one multilateral dialogue on Indian tea. We also had three government to government meetings with Vietnam, Iraq and UAE and one government-to-business with Bangladesh. Odissa government was our partner which had organised investor meet,” said Singla.
Supported by the Department of Commerce, Government of India, Indus Food is the flagship global trade show to maximise business opportunities for Food & Beverage (F&B) industry. Indus Food has been developed as the World supermarket, to enable rest of the world meet their F&B requirements.
“The most remarkable aspect of Indus Food-II was that it focused on SMEs for export business by bringing buyers to their doorstep and creating business opportunities for producers of value-added and organic products. Doubling of farmer’s income will happen if the business grows. With the Indian government itself now working towards the identification of most prominent global buyers and creating their interactions with quality Indian suppliers through Indus Food, the benefit will percolate to the farmers. Moreover, the target of US$60 billion exports, as envisaged in our Agri-Export Policy is now within reach,” Singla added.
“Indus Food specially promotes value-added and organic products. India is ranked 1st in terms of the total number of organic producers with 11 lakh farmers practicing organic farming. With the government removing all restrictions on the export of organic farm products, the organic food export is sure to contribute in a much bigger way now, in meeting the target of US$60 billion food and agriculture exports by 2022, as set by the Agriculture Export Policy 2018,” Singla further added.