18th International FoodTech India to get underway in Kolkata on Nov 15
Kolkata/IBNS: More than 150 companies and top brands from India and abroad representing the food processing and packaging, confectionery, bakery, dairy, hotel and allied services sectors will participate in the “Food Tech India 2019: Bakery Tech & Hotel Tech” International Exhibition from Nov 15 to 17 at the Science City Exhibition Complex in Kolkata.
West Bengal Food Processing Minister Abdul Rezzak Mollah would inaugurate the largest business to business (B2B) bakery, hospitality, food processing industry Exhibition of Eastern India. The Expo is organized by N K Kapur & Co Pvt Ltd and supported by various organizations from the food processing, packaging and service industry.
“Food Tech India 2019 International Exhibition, despite the economic slowdown, will retain its scale and stature with top foreign and domestic companies and brands participating at the Mega Exhibition. This year we are going to host a Dairy & Ice Cream Expo at the Exhibition as well,” said Zakir Hossain, Regional Head of N K Kapur & Company and the Chief Convener of the International Exhibition, at a press conference in the presence of top representatives from West Bengal Bakery Association, Hotel and Restaurant Association of Eastern India and Paschimbanga Mistanna Byabsayee Samiti.
“The Food Tech India 2019 Exhibition, which is in its 18th year, has been growing at a rate of 10 to 12% per annum in Kolkata, generating B2B growth in volumes, revenues and footfalls against the national growth average of 6 to 7% per year,” he said.
This year more than 150 global brands and Indian companies are participating in the Food Tech India 2019 Exhibition showcasing their latest products and technology. The 18th Food Tech India 2019 is bullish on growth through joint ventures, collaborations, industrial licences and 100% export-oriented-units (EoUs). Many foreign companies are scouting for business opportunities in the food and hospitality sector in India.
The Mega Exhibition will showcase under one roof the latest products and services cutting across hotel, confectionery, equipment, catering equipment, tableware, food packaging technology, food flavours and additives, industrial refrigeration, hotel and food chain consumables and Bengali Sweet & Snacks. Various seminars and discussions on Bakery & Confectionery Industry, Culinary Industry, Sweets and Snacks Industry are conducted during the three-day Exhibition.
Food and grocery account for around 31% of India’s consumption basket. The Food Processing Industry accounts for almost 32% of the total food market in India. The Indian food and grocery market is the world’s sixth largest, with retail contributing 70% of the sales. Consumer spending in India is expected to grow to $3.6 trillion by 2020. India's food and hospitality sector together is growing at a rate of 17% per annum with Kolkata as a hub in the eastern region. India is the second largest food producer in the world, however, it accounts for less than 2% of the International food trade.