City
Epaper

IndusFood adds two new verticals, sets $1.5 bn target

By IANS | Updated: August 22, 2019 23:50 IST

The organisers of Indian F&B sourcing show, IndusFood, have set a target of $1.5 billion in its 2020 edition with the addition of two new verticals "Indusfood-Tech and Indusfood-Chem".

Open in App

According to the Trade Promotion Council of India, the move will now establish Indusfood as "a fully integrated food processing lifecycle event".

The event is organised by the Department of Commerce and the TPCI.

"The launch of two new verticals is a huge opportunity for India to showcase India's prowess in cost effective F&B processing technologies and robust food ingredients suppliers to the buyers from SAARC, Africa and Eurasian countries," said Keshav Chandra, Joint Secretary, Commerce.

"The shows will also allow foreign technology providers to bring the latest in the world to integrate the ever-burgeoning demands of our vast F&B processing industry. Such a move will eventually accelerate investments in the form of JVs and tech-transfers."

The IndusFood-Tech 2020 will showcase technologies for food processing, oil extraction, cold chain & refrigeration, beverage & drink technology, dairy processing, sweets & confectionary, fruits & vegetable processing and will also equally emphasise on the very important aspects of food packaging, labeling and supply chain gaps.

"We can change the landscape of Indian food processing sector by integrating ultra modern food processing technologies with applications based on big data computing, blockchain technologies, IOT & machine AI along with large scale virtual process management, which is extremely crucial for our country to manage post harvest losses," TPCI Chairman Mohit Singla said.

Indusfood Tech & Chem will be held in Greater Noida from January 8-10, 2020.

( With inputs from IANS )

Tags: indiaDepartment Of CommerceKeshav ChandraTrade Promotion Council Of India
Open in App

Related Stories

NationalDonald Trump Imposes Additional 25% Tariff on India, Total Tariff Now 50%

TechnologyWill the Government Have to Offer More Incentives on EVs? NITI Aayog Raises Concerns Over Slow Sales Growth

OpinionsWhy is Trump So Upset with India?

MumbaiUniversity of Bristol Chooses Mumbai for Its First Overseas Campus, Set to Open in September 2026

NationalRaksha Bandhan 2025: Now You Can Send a Rakhi to Your Brother in India Post's Waterproof Envelope — Here's How to Track Your Parcel

कारोबार Realted Stories

BusinessAtal Innovation Mission and Bhashini sign pact to drive vernacular innovation across India

BusinessFIEO calls for enhancing diversification as Trump tariff likely to impact 55 per cent of India's exports to US

BusinessCM Fadnavis reviews impact of US tariff hikes in Maharashtra

BusinessSignature Global's Q1 net profit drops 44 pc

BusinessBSE’s Q1 net profit doubles to Rs 539 crore, revenue jumps 59 pc