Eastern India's major annual business-to-business (B2B) exhibition on food and hospitality industry, which began here today, is expected to generate Rs 30 crore of business transactions.
The organisers of the four-day "16th International Food Tech India, Bakery Tech and Hotel Tech Exhibition" said it had notched up spot B2B transactions worth over Rs 20 crore last year.
The Food Tech India 2017 Exhibition would be on till October 29, 2017 and open each day from 10.30 am till 6.30 pm.
The Exhibition will expand its footprint beyond India for the first time and hold a similar event in Dhaka next year in association with the Dhaka Chamber of Commerce and Industry (DCCI).
The Food Tech India Exhibition, which is held in Kolkata, Delhi, Bangalore recently made its debut in Guwahati.
"We shall open our Bangladesh chapter by taking this FoodTech Exhibition to Dhaka next year in association with the Dhaka Chamber of Commerce and Bangladesh Auto Biscuit & Bread Manufacturers Association," said Zakir Hossain, Chief Convener of the International Exhibition.
Over 100 foreign and Indian companies and global brands are participating in the Exhibition this year, showcasing their latest products and technology.
"The event is bullish on growth through joint ventures, collaborations, industrial licences and 100 per cent export-oriented-units (EoUs)," Hossain said adding "Many foreign companies have evinced interest in India and are scouting for business opportunities in the food and hospitality sector."
"It also offers a perfect B2B platform for foreign and Indian companies in the areas of food production, food packaging, food and the hospitality sector," he said.
India is the largest milk and the second largest fruits and vegetables producer and also has the largest livestock population (512 million approx) in the world contributing 25 per cent of India s farm GDP.
Consumer spending in India is set to grow from 1 trillion US dollars in 2015 to 3.6 trillion US dollars by 2020, Hossain said quoting statistics.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)