Indusfood aims Business of USD 1.5 Billion in 2020

New Delhi: Indusfood, the mega food processing lifecycle event organised by Trade Promotion Council of India (TPCI) will be bigger than ever in 2020. The ministry of commerce and industry has said that Indusfood is expected to attract the business of USD 1.5 billion in the 2020 edition. TPCI will launch two sub shows 'Indusfood-Tech' and 'Indusfood-Chem' in the forthcoming Indusfood that is slated to be held next January.

On the proposed launch of new verticals of Indusfood: Indusfood-Tech and Indusfood-Chem, Keshav Chandra, Joint Secretary, Ministry of Commerce said that the launch of the 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.

"The launch of the two new verticals, 'Indusfood-Tech' and 'Indusfood-Chem' 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"- Keshav Chandra, Joint Secretary, Ministry of Commerce

The shows will also allow foreign technology providers to bring the latest food technology developments in the world and integrate it into the growing demands of India's vast F&B processing industry.

Chairman TPCI, Mohit Singla, said that the landscape of Indian food processing sector can be transformed by integrating modern food processing technologies with applications based on big data computing, blockchain technologies, IoT and machine AI along with large scale virtual process management.

"The landscape of Indian food processing sector can be transformed by integrating modern food processing technologies with applications based on big data computing, blockchain technologies, IoT and machine AI along with large scale virtual process management"- Mohit Singla, Chairman, TPCI

He further said that the response from leading technology centres like Denmark, Belgium, Singapore, Switzerland and Thailand for Indusfood has been encouraging and is expected to attract the business of USD 1.5 billion in the 2020 edition. The last edition, held in 2019, attracted business worth 1.2 billion USD.

Indusfood will be held in Greater Noida (NCR Delhi), on January 08-10, 2020 and will showcase India's best line-up of food processing technologies, beverages and agri- products to global buyers.