WFI 2019 to be the biggest gathering of global and domestic stakeholders in Food processing sector Smt Badal holds meeting with Industry leaders and foreign Ambassadors from major food processing countries
Union Minister for Food Processing Industries Smt Harsimrat Kaur Badal has today said that World Food India 2019 will be the biggest gathering of all global and domestic stakeholders in Food Processing Sector. Speaking to media today she said WFI 2019 will be held from 1-4th November 2019 in New Delhi and will position India as Food Processing Destination of the World.
The Minister today chaired a
meeting with various stakeholders of WFI 2019 including the associated
Ministries and Departments, CEOs of major food processing companies and
Industry Associations. This was followed by a second meeting with the
Ambassadors/High Commissioners of leading food processing/food retailing
countries. The meetings were held to discuss the investment opportunities
available in India in the Food Processing Sector and to sensitize the gathering
about their participation in WFI 2019. Also attending the meeting were
Minister of State for Food Processing Industries Sh Rameswar Teli and senior
officers of the Ministry.
The Minister informed the
gathering that the second edition of World Food India is planned at a much
bigger and grandeur level from 1-4 November 2019 at Vigyan Bhawan and Rajpath
Lawns in New Delhi. World Food India 2019 shall consist of several top level
seminars, investment opportunities, exhibitions, high level CEO roundtables,
country sessions, B2B and B2G networking etc. For the year 2019, the
Ministry is targeting to partner with at least 15 countries and participation
from at least 80 countries. The tagline of the event
will be “Forging Partnerships for Growth”.
Smt Badal informed that
preparations for the World Food India 2019 have already begun. More than 11
international & 8 domestic roadshows are planned. The roundtable with all
top CEOs and ambassadors today was one such high level event showcasing the
intent of ministry to engage with Industry- domestic and global. In the next
few months, Ministry will reach out to all the states and other players in
Industry in particularly the MSMEs. The Minister also invited suggestions from
the industry on the 4-day event.
The event has already received
interests from several countries and industries interested to becoming part of
the event. The minister invited the ambassadors and industries to be a part of
this mega celebration of food and witness the immense opportunity that India
provides for growth and prosperity.
Addressing the gathering the
Minister said Food processing is one of the six superstar sectors under the
Government of India’s Make in India initiative and has the potential to
transform India as a leading food processing destination of the World.” She
added that food processing is critical to achieving the Prime Minister’s vision
of doubling the farmers’ income in India and reducing food wastage and that the
Ministry is making several efforts to ensure that this vision is realized.
The Minister said that Indian
Food Processing Industry has grown tremendously recording 11% growth rate,
which is twice the pace of Global Industry. The sector has recorded double
digit growth rate across all major sub-segments of the sectors both in terms of
value and volume.
The Minister informed that
despite huge domestic market of 1.3 billion customers with the youngest
population globally and an abundant agricultural base, the processing levels in
India remain low at 7.7% behind several economies such as China, Malaysia and
US. India’s share in global exports of processed food is only 2%.
Besides, India also has a high share of harvest and post-harvest losses from
major agricultural produces on account of poor storage, transportation and
logistics to the extent of INR 92,651 Crores ($13 Billion)-3 times the
The government initiateda
biennial event- World Food India to promote food processing sector at global
level. The first such event was conducted in 2017 and received wide success.
The event created Brand India in global food map by positioning India as a
World Food Factory. It was for the first time in India that all major policy
makers and top industrialists across the globe in Food Processing Industries
were together under one roof.World Food India 2017 had witnessed presence of
India’s top political leadership including the President of India,the Prime
Minister, theFinance and Commerce & Industry Minister. CEOs roundtables
with Prime Minister, Finance Minister, and Commerce & Industry Minister
were the key highlight covering various aspect related to business be it
strategic, finance/investment or trade.
World Food India 2017witnessed
the participation of 61 countries, ministers from several countries and India,
Chief Ministers of various Indian states, 60 Global CEOs and eminent
academicians attended the event. The event saw a footfall of more than 75,000
more than 8,000 B2B meetings and signing of MoUs worth USD 14 Billion.