Indus Food Held in Noida Secures Deals worth $1 Billion

The second edition of the Indus Food saw business deals worth $1 billion which are expected to materialize in a few months. “We had 800 global buyers from 78 countries who participated in Indus Food. In the first edition, we had participation from 43 countries which generated business worth $650 million, and this year, we managed to secure business transactions worth over $1 billion,” said Trade Promotion Council of India (TPCI) Chairman Mohit Singla. TPCI had organized the two-day Indus Food Supermarket at India Expo at Greater Noida which concluded on Jan 15, Tuesday. 

Indus Food-II saw the participation of 500 exhibitors who displayed products in 14 zones. It witnessed 2,500 business meetings between Indian producers and foreign buyers. Over 10 MoUs were signed during 14 B2B meetings and one multilateral dialogue on Indian tea. There were three government-to-government meetings with Vietnam, Iraq and UAE and one government-to-business meeting with Bangladesh held. Odisha Government was the state partner which had organized investor meet. 

The fair focused on small and medium enterprises (SMEs) for export business by bringing buyers to their doorsteps and creating opportunities for producers of value-added and organic products. At the inaugural of Indus Food-II, Union Food Processing Minister Harsimrat Kaur Badal had said the Centre had roped in NAFED to ensure food procurement direct from farmers to help them get a better income and save their perishable items.