1st day of Annapoorna-- World of India, 2011, and Foodworld India marked by release of study on food processing

The sixth edition of Annapoorna, World of Food India, 2011, a global convention for food business, organised by the Federation of Indian Chamber of Commerce and Industry (FICCI) Koelnmesse GmbH, was inaugurated here on Wednesday.The exhibition will see over 150 exhibitors displaying innovations to reach their potential consumers from November 16-18, 2011. Elated over being able to connect with right audiences leading to greater business deals, the exhibitors gave a thumbs - up to the organisers for the concept design.

A concurrent event, Foodworld India 2011, a global convention for food business, was also organised by the FICCI, at ITC Maratha, in Andheri.

“Food for years has been on the top of the political agenda with key issues such as security, sustainability, safety and galloping inflation on the forefront,” Rakesh Kacker, secretary, ministry of food processing industries (MoFPI), said at the inaugural session.

Kacker said that the ministry and FICCI should work together in order to create a favourable GST (Goods & Services Tax) and DTC (Direct Taxes Code) regime for the food industry adding that the Indian food processing industry was one of the largest in terms of production, consumption, export and growth prospects and therefore considering the growth witnessed by this sector in the last decade and further improvements in the growth rates, food processing has the potential to be the driving force in India’s economic development in the years to come.

At the inaugural ceremony, the Boston Consulting Group (BCG) and FICCI jointly released a study report titled India Food Processing Mission 2020.

Peter Bleser, ministry of state for food, agriculture and consumer protection, Federal Republic of Germany; A Helio Waszyk, CMD, Nestle, and chairman, food processing committee, FICCI; Ashok Sinha, former secretary, MoFPI; and Nimisha Jain, principal, Boston Consulting; were all present at the function.

"I am very pleased to be in India for this global convention on food organised by FICCI, which further fosters Indo-German relations and addresses the issue of food security. Also it is the easiest way of ensuring world peace and food processing which ensures quality, affordability and availability of food,” said Bleser at the function.

The session was then followed by a press conference where the highlights of the study were explained. “The study stated that the food processing industry can reach $900 bn by 2020,” said Jain adding that the entire food processing system was needed to be reordered.

She then said that the wastage of fruits and vegetables had become a key concern for the industry this year and the food wastage was also one of the key areas of concern.

"This joint effort by FICCI and BCG in laying down the Mission 2020 for the sector provides the framework for strengthening the cause of the growth of Indian food processing industry," said Waszyk.

The joint study aims to highlight the opportunity that the Indian food processing sector offers; demonstrate the importance of food processing for the Indian economy; articulate a mission for Indian food processing and layout a framework to facilitate action.

Source: http://fnbnews.com/article/detnews.asp?articleid=30884&sectionid=2