Economy

Organic food show to attract global retail chains, companies

Amiti Sen New Delhi | Updated on December 17, 2018 Published on December 17, 2018

About 600 global food & beverages giants to participate in Indusfood next month

Organic food will be the focus of the second edition of Indusfood — the government’s flagship international food show-cum- reverse buyer seller meet — with more than 200 global buyers already indicating their interest in sourcing from the country.

Large global retail chains, including Germany’s REWE, Australian Culinary Foods, Canada’s Global Choice Foods and Chile’s Soc. De Inversiones Granatta are interested in buying organic food at the Indusfood meet and buyer-seller meets are being organised for the purpose, said Mohit Singla, Chairman, Trade Promotion Council of India (TPCI).

“There is a huge scope for increasing organic food exports from India, especially processed food, as only 0.5 per cent of the global demand is supplied from the country. We are upbeat on that,” said Singla speaking to BusinessLine. Total export of organic food products from India in 2017-18 was worth $515.44 million of which just $34.3 million was processed organic food.

At the buyer-seller meets, Indian companies will get to know more about the kind of items in demand in other countries which will help them expand their out reach. “If an Indian company can sell ready-to-eat dal makhani, it should also be able to sell organic pumpkin soup to grab the global market,” Singla said.

Around 600 global buyers from the food & beverages industry from over 40 countries and more than 500 Indian food suppliers will participate in Indusfood on January 14-15 in Noida, organised by TPCI and the Ministry of Commerce.

Other retail chains participating in the food show include Jumbo from the Netherlands, Lotte Plaza from the US, LuLu from Abu Dhabi, Panda Retail from Saudi Arabia, Loblaw from Canada and X5 retail group from Russia. “Over the last two years we have visited more than 70 countries and interacted with thousands of buyers face-to-face to find out what they want. We believe that there is a huge demand for processed organic food and the Indian industry can cater to it if there is enough interaction with buyers,” Singla said.

Products will be exhibited at the food show across 12 product segments ranging from consumer food, dairy products, marine, meat & poultry to Indian ethnic food.

Published on December 17, 2018

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