Vision 2047: NIFTEM-K and IFBA ideate a $1.5 Trillion target for India’s Food Processing Sector

New Delhi, October 18, 2023 – The National Institute of Food Technology Entrepreneurship and Management (NIFTEM-K), in collaboration with the Ind Food and Beverage Association (IFBA), commemorated World Food Day 2023 on October 16, 2023, on the NIFTEM-K Campus. The occasion, themed “Food for a Better Tomorrow – Building Synergies,” emphasised the importance of meals safety, sustainable practices, and India’s pivotal function within the world meals panorama.

The occasion commenced with a ceremonial lamp lighting ceremony, that includes a number of esteemed dignitaries in attendance. Among the members had been senior authorities officers and representatives from outstanding trade organisations, together with IFBA (Ind Food and Beverage Association), IBA (Indian Beverage Association), PBFIA (Plant-Based Foods Industries Association), and IHA (India Honey Alliance), main NGOs, Private Equity Funds and Advisory firms.

Smt. Anita Praveen, Secretary, Ministry of Food Processing Industries, Government of India, mentioned, “We all acknowledge that meals is an elemental necessity. But equally important is water. So, in the present day’s theme, ‘Water for Food,’ is of paramount significance. Water is life; it’s meals in its personal proper, as all of the meals we eat comprise a vital water element. It’s important for the survival of not solely people but additionally animals, vegetation, and certainly, the very essence of our planet. It is crucial that we regard this matter with the utmost seriousness and try to make sure that we don’t deplete this invaluable useful resource. We should make sure that the following era has sufficient, and safe the Earth’s survival for future generations.”]

Dr. Harinder Singh Oberoi, Director of NIFTEM-K said, “It’s a nice second for NIFTEM-K to have fun World Food Day alongside the Ind Food and Beverage Association and different Food Industry Associations. NIFTEM-K is devoted to collaborating with the Food Industry to develop progressive, wholesome, and scrumptious meals merchandise, tackle meals processing and security considerations, and lengthen the shelf life of varied meals merchandise. This collective effort on World Food Day units a constructive tone for strengthening the bond between NIFTEM-K and the Food Industry, finally decreasing meals wastage within the nation.”]

Adding to the spirit of Public, Private and Academia partnerships, Deepak Jolly, Chairperson of IFBA, remarked, “This collaborative effort epitomizes the essence of ‘Food for a Better Tomorrow – Building Synergies.’ We take nice delight in being a part of an occasion that not solely shines a highlight on India’s dynamic presence within the world meals panorama but additionally underscores our shared dedication to selling sustainable practices throughout the F&B sector. Entrepreneurship is a Buzzword within the Indian Food sector. With a variety of so many MSMEs and startups beginning F&B in India, I’m certain NIFTEM-K will develop into an anchor and a pilot for many such initiatives of the trade.”

The occasion featured world audio system, enterprise capitalists, NGOs, and representatives from numerous sectors of the Food and Beverage (F&B) industries. Participating stakeholders together with NGOs, Associations, Embassy of Italy in addition to host of Large and small F&B firms included Coca-Cola India, Bisleri, KRBL Limited, Prowess Advisors, Ferrero India, Dabur India Ltd, Embassy of Italy, HUL, McDonald’s, Auric, Mrs Bectors Food, Tata NourishCo amongst others. Engaging panel discussions lined matters reminiscent of water administration in agriculture and F&B Industry, meals processing know-how, sustainability, meals security and safety, and the outlook and imaginative and prescient for the sector in 2047.

The first session on ‘Advanced Water and Food Processing Technologies for Sustainable Water Use’ made waves with its give attention to digitization, innovation, IoT, and the important 3Rs: Reuse, Recycle, Reduce in addition to conservation. It showcased the blueprint for NIFTEM-K’s cutting-edge referral laboratory and trade studies that champion ‘water financial savings’ as a cornerstone of sustainability. The session additionally underlined the significance of water budgeting, making this an vital level within the company announcement studies.

The second session, titled “Processed Foods – Enhancing Food Safety & Security” explored important facets of guaranteeing the dietary high quality and security of processed meals. It underscored the significance of strategies to protect vitamins throughout processing, reminiscent of pH and temperature management, and the worth of enrichment and fortification in addressing micronutrient deficiencies. The audio system highlighted how packaged and processed meals guarantee security, minimising probabilities of adulteration, guaranteeing increased high quality, equitable distribution throughout the size and breadth of the nation and considerably enhancing affordability in addition to the accessibility.

The third session on “Vision 2047: $1.5 Trillion Contribution of India’s Food Processing Sector”emphasised the speedy progress of the economic system with hundreds of thousands of individuals being pulled out of maximum poverty, rising per capita revenue and the emergence of a burgeoning center class. This presents a vital alternative for the F&B trade to satisfy the standard nutritious meals requirement of an aspiring Indian inhabitants.Large firms in addition to startups are exuberant about reaching USD 1.5 trillion objective for the economic system. The session additionally highlighted the meals trade’s significance, particularly in gentle of its
prominence at this yr’s G20 summit, and its important function in India’s GDP progress. It pressured the necessity for
accelerated progress within the sector, calling for elevated collaboration between trade and academia to
drive technology-driven improvements.