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IndusFood aiming for USD 1.5 bn business in 2020 edition: TPCI

Press Trust of India  |  New Delhi 

IndusFood, a food and beverages sourcing show, is aiming at generating a business of USD 1.5 billion (about Rs 10,500 crore) in its forthcoming edition next year to be held at Greater Noida, TPCI said on Thursday.

The show will start from January 8, 2020 and would showcase food processing technologies, beverages and agri-products to global buyers, the Trade Promotion Council of India (TPCI) said.

"IndusFood aims business of USD 1.5 billion in the 2020 edition. We have received good response from leading technology centres such as Denmark, Belgium, Singapore, Switzerland and Thailand," TPCI Chairman Mohit Singla said in a statement.

The last edition of the show, which was held this year, had attracted business worth USD 1.2 billion.

"We can change the landscape of Indian food processing sector by integrating ultra-modern food processing technologies with applications based on big data computing, blockchain technologies, along with large scale virtual process management, which is extremely crucial for our country to manage post-harvest losses," he said.

IndusFood-Tech 2020 will showcase technologies for food processing, oil extraction, cold chain, refrigeration, beverage, dairy processing, sweets, confectionary, fruits and vegetable processing.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, August 22 2019. 16:30 IST