PRN: Fi India to Set New Dimensions for the Food Industry
Fi India to Set New Dimensions for the Food Industry [29-September-2011] MUMBAI, India, September 29, 2011 /PRNewswire/ -- The food processing industry is one of the largest in India - ranking fifth in terms of production, consumption, export and expected growth.
Fi India to Set New Dimensions for the Food Industry
MUMBAI, India, September 29, 2011 /PRNewswire/ --
The food processing industry is one of the largest in India - ranking fifth in terms of production, consumption, export and expected growth. The Indian food industry, estimated at US$ 200 billion in 2010-11, is projected to reach US$ 300 bn by 2015. The sector has attracted foreign direct investment (FDI) worth US$ 1,253.79 mn till April 2011.
The food processing industry in India is often perceived, as an equipment-based industry. This view needs to be changed as there is a need to achieve a consensus between equipment design and production reality. It is imperative that the Industry ensures the training of human resource and also revamps the entire distribution-supply chain to ensure that all manufactured products are meeting the hygiene, label, packaging and other norms.
Mr. Sanjeev Khaira, MD - UBM India quoted "The Indian Food Processing Industry requires high degree of awareness, knowledge base and constant monitoring. Due the lack of these factors, some new products do not see the light of the day. It is imperative that the industry follows the small regulatory mandates to ensure an efficient market exposure & consumption."
In a country like India, we must emphasise the science of innovation in the area of new products or for the development of a better product. Government has allotted a major area of focus in the 12th Five Year Plan towards the importance & implementation of food safety measures as a priority and able to make a quantum leap in food processing business. It includes adaptable, affordable, methods & safe food products by SME industries cascading with large industries.Â
UBM India will hold Fi India 2011 on the 3rd & 4th of October, 2011. It aims to bring the whole industry together at one convenient location with effective participation from, around 120 exhibitors & more than 4500 visitors who are decision makers of the industry. Fi India aims at demonstrating with the changing market it is necessary to exploit its great innovation potential not just for the benefit of the producers & processors but also for consumers.
About UBM India:
UBM India organizes exhibitions covering the following sectors which will help deliver the perfect mix of visitors: Energy, Construction & Infrastructure, Security, Medical technology & Pharma, IT and Food Industry.
For more information visit: http://www.ubmindia.in
Media Contact: Mutual PR