Union Minister for Food Processing Industries, Harsimrat Kaur Badal addressed the opening session of Digital Indo- Italian Business Mission on Food Processing' held virtually recently. Under the two-day event, digital conferences, trade fair and B2B meetings were held.
Highlighting the role of food processing sector in current scenario, Union Minister said that with a shift in the industry landscape, many food processing companies are attempting to diversify and expand their product line-up.
She added that the versatile equipment that can produce many different product types, allowing companies to increase their output without major changes to their facilities will be the preference.
She emphasized that the Italian Food and Equipment related companies therefore have much to look forward to the Indian markets in order to expand their global outreach. She added that India and Italy are natural partners, when it comes to the Food Processing Industry and in European Union, Italy has one of the largest Indian diaspora.
Badal emphasized on the role of India as a potential market. She stressed upon the new era of opportunities in the food processing sector with various segments emerging as the champion segments such as ready to eat, frozen food, superfood, nutraceuticals etc.
Badal further shared that countries are looking to re-align their supply chains and, India, also known as the world’s fruit & vegetable basket, offers ample opportunities for sourcing raw material. India also offers one of the fastest growing market for finished processed food products. She said that our experience of handling the pandemic shows that food processing has emerged as a champion sector.