Upcoming Events India

Sep
4
Tue
11:27 am EU Circular Economy Mission to I...
EU Circular Economy Mission to I...
Sep 4 @ 11:27 am – Sep 7 @ 12:27 pm
4th SEP 2018: In Delhi, there will be a delegation of companies coming from the EU from industries related to the concept of the circular economy namely: Waste, Water, Renewable Energy (solar and biomass),  Mobility (e-vehicles),[...]

Upcoming Events Italy

Sep
22
Sat
10:30 am Vicenzaoro 2018
Vicenzaoro 2018
Sep 22 @ 10:30 am – Sep 26 @ 11:30 am
Vicenzaoro September, the international jewellery show, a reference for the industry, gives voice to the most significant trends in the world of precious stones, metals, jewels and machinery. Over 1300 brands from 35 different countries,[...]
Sep
28
Fri
11:02 am Cremona Musica
Cremona Musica
Sep 28 @ 11:02 am – Sep 30 @ 12:02 pm
Featuring 302 exhibitors from over 30 countries around the world, along with the who’s who of the music world in attendance, Cremona Musica has emerged as the top exhibition for high quality musical instruments, featuring[...]

WHY INDIA?

The second largest producer of farm produce in the world and the third largest economy in terms of Purchasing Power Parity (PPP), is a promising place to be in. With a massive food market that is fast-expanding, exciting growth in the retail sector, and attractive economic policies and fiscal incentives, India’s food economy is thriving.  See ICE’s Technova food processing report here

The advantage of India’s food sector

1. India’s food and grocery market is the sixth largest in the world.

2. The annual growth rate of the food processing sector is more than 7%.

3. India’s online food delivery industry grew 150% in 2016.

4. Food retail is the next big opportunity with a share of 70% in the total retail market.

5. India offers the largest diversified production base see the report on agri-produce here .

Growing infrastructure support

1. 42 Mega Food Parks in India (comprehensive report) are being set up to promote food processing clusters’ (see status in report here)

2. The government has recently sanctioned 101 new integrated cold chain projects (see the notice and list here), view the status of all cold chain projects here

Advancing technology and equipment

1. New and emerging technology in fruits & vegetables processing, cold storage, reefer containers, IQF processing, pack houses, and packaging

2. Food Testing Labs

A favourable economic and business environment

1. India’s GDP growth in 2016 has been at 7.6%.

2. Large skilled workforce.

3. 100% FDI through automatic route in food processing

4. 100% FDI in retail marketing of food products that are produced and / or manufactured in India, including through e-commerce.

5. Proactive policy support.

6. Single-window clearance

7. A dedicated investors portal has been set up by MoFPI aimed at easing the process for investors: http://mofpi.nic.in/

8. The Government of India has set up Invest India as its official Investment Promotion and Facilitation Agency: http://www.investindia.gov.in/