India's agri exports are growing at a healthy pace and there is a need to focus on the processed food sector as it holds huge potential to boost the country's outbound shipments, Trade Promotion Council of India (TPCI) said on Sunday.
Keeping this in mind, the council's three-day IndusFood expo kickstarted on January 8 in Hyderabad.
It was inaugurated by Additional Secretary in the commerce ministry Rajesh Agrawal and Joint Secretary in the ministry Srikar K Reddy.
Speaking on the occasion, Agrawal said there is a need to create global brands in the food and beverages industry.
Ideally, we need to create 50 brands, then we will be able to do our job well. We must think globally and build brands. We must pay serious attention on how to promote Indian cuisine abroad, TPCI said in a statement quoting Agrawal.
He added that though India is doing well in the agri exports front, our share of processed food is less than 1 per cent in exports of processed food category. We must aspire to take up our share in the global market to 10 per cent.
Mohit Singla, Founder Chairman TPCI said Indusfood has been able to bring institutional buyers from the remotest corners like French Guinea, Mongolia, Papua New Guinea, Reunion, Seychelles, Sierra Leone, Sint Maarten, Syria, Togo and Turkmenistan.
This year's exclusive focus is on millets. India is globally regarded as the land of vegetarian food with a huge variety of products. So, we have also been focusing on plant-based protein, Singla said.
India's food and beverages exports at present are at USD 42 billion.
The first ever edition of the expo in Telangana is hosting over 1,300 buyers from over 80 countries interfacing with over 600 Indian exhibitors.
The three-day event is expected to negotiate aggregate business deals worth USD 1 billion. Nearly 50 plus global food retail chain brands and their representatives are taking part in the exhibition, the council said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app