Indo-NZ trade ties in food and beverage industry to get a big boost as India hosts Indusfood – a mega International Food and Beverage Expo - in Jan ‘19
Shared democratic values and social outlook, similar passion for sport and a joint ambition for greater prosperity, both for Indians and New Zealanders, ably supported by the Indian diaspora communities living in New Zealand and the strong education, tourism and business connections between the two countries – these have been the chief contributory factors for more than 42% growth in two-way trade in goods and services between India and New Zealand during the last five years.
India and New Zealand remain strongly committed to working out improved trade and investment ties between each other. New Zealand firms compete successfully with the best in the world and have technologies and products that are valuable for Indian firms, whether in renewable energy, specialized manufacturing, medical instruments, food and beverage products, or agricultural technology. India, on the other hand, is in position to supply the raw material, in particular the agricultural products and those related to the food processing sector.
Trade ties related to food and beverage industry are set to get a big boost in January 2019 when India hosts Indusfood – a mega Global Food and Beverage Show – in Greater Noida, NCT of Delhi on 14th and 15th January 2019. Billed as the World’s Food Supermarket, Indusfood is India’s official, export focused F&B Trade Fair showcasing the country’s best line-up of food and agri products to global buyers.
Indusfood 2018 edition, held in January this year, saw more than 650 million US dollar worth of on spot business deals, courtesy representations from 43 countries including New Zealand, 10 pavilions of various Indian states, 320 Indian exhibitors showcasing their products and several hundred global buyers visiting India.
Indusfood 2018 saw a significant participation from New Zealand as well with companies like Aium Limited, Biztrade (NZ) Limited, Jayen Export Consultants NZ Ltd., Trade India NZ Ltd., MG International Ltd., Khushi Imports Ltd., ProZone Ltd., Vissma Foods Consultant Ltd., AB International Ltd., Patton Ltd., Orb360 Ltd., UK & Foods of the World Holdings Ltd. and Saurashtra NZ Ltd. sending their buyer teams to India.
Organized by Trade Promotion Council of India (TPCI) jointly with Department of Commerce, Ministry of Commerce and Industry, Government of India, the 2019 edition of Indusfood is slated to be much bigger with more than 600 global buyers and 500+ quality Indian food suppliers. As Mr. Suresh Prabhu, Minister of Commerce & Industry and Civil Aviation in the Government of India said about Indusfood while inaugurating the 2018 edition: “This trade show is being positioned as the next global Food and Beverages (F&B) market in the Asian Sub-continent like ANUGA, SIAL and Gulf food.” India, which has always been the epicenter of global food trade since ancient times, is now a dominant global player in the modern food trade. It has the pride of being the ‘Land of Origin’ of an assortment of food crops & processed products that have a significant impact on the global demand and supply.
The country is the top global producer of meat, milk, castor seeds, sesame, mango, banana, chickpeas and is among the top producers globally for rice, wheat, sugarcane, tea, spices, onion, potatoes and many others. With the new agri-export policy, the Indian F&B export is expected to grow from USD 32 billion to USD 70 billion in next couple of years.
“With more buyers committing participation from New Zealand, the trade ties between India and New Zealand particularly in the field of food and beverages will reach a new zenith, it is hoped,” feels Mohit Singla, Chairman, Trade Promotion Council of India (TPCI).
For any further information, please contact:
Aziz Haider DIRECTOR-MEDIA & CORPORATE COMMUNICATIONS 9, 2nd Floor, Scindia House, Connaught Circus, New Delhi- 110001, India T: (91) 11 40727272 M: (91) 9667182697, 7999466000 W: www.tpci.in