The Indian Food industry - both primary and processing - are poised for a rapid growth. India has the potential to become a reliable outsourcing partner in the Food sector given its strengths in primary Food Sector. The Indian Food sector is estimated to be worth over US$ 200 billion and is expected to grow to US $ 310 billion by FY 2015. It is also contributes to a major part of the retail basket. The US $ 6.1 one billion Food Retail sector is also growing at a hefty 9 per cent. FDI in India, in this segment has exceeded US $ 3 billion. A breed of foreign taste masters currently operates in India. Indian Food brands are now increasingly finding prime self space in the retail chains across the US and Europe.

The Government has also approved proposals for joint ventures, foreign collaboration, industrial licenses and 100% export oriented units envisaging an investment of Rs.19,100 crores (US $ 4.80 billion) during the same period. Out of this, foreign investment is over Rs. 9100 crores (US $ 2.2 billion).

The Government has also declared the Food Processing Industry as a Priority sector and to be the food factory of the world by 2015. Given the vast potential for growth in this important sector, CII is organising Food & Bev Tech 2008. The exhibition will bring together the manufacturers and suppliers of process plant and equipment for the growing industry, all under one roof. The exhibition will provide an excellent platform for services providers to showcase their products and services to decision makers from leading Food & Beverage manufacturers.