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Tag: Apeda

  • World Food India 2024: A 4-day Event Celebrating Culinary Innovation in New Delhi

    World Food India 2024 is going to be held at Bharat Mandapam in New Delhi, and it will occupy a spacious area of 70,000 square meters. The event is hosted by the Ministry of Food Processing Industries. Over 90 countries, 26 Indian states and union territories, and 18 central ministries and affiliated government agencies are present at this highly anticipated global event, which is taking place from September 19-22, 2024. The event is going to be a significant gathering of people who are interested in sustainability, technology, and innovation in the food processing industry. 

    This four-day event is expected to be an important event, bringing attention to India’s growing role as a worldwide powerhouse in the food processing industry.

    The Inaugural Session

    Prahlad Joshi, Union Minister of Consumer Affairs, Food and Public Distribution & New and Renewable Energy; Chirag Paswan, Union Minister of Food Processing Industries; and Ravneet Singh Bittu, Minister of States, Ministry of Food Processing Industries and Ministry of Railways will all be in attendance at the celebratory event. Additionally, Chirag Paswan and Ravneet Singh Bittu will engage in one-on-one conversations with prominent figures in the sector, as well as bilateral G2G talks with ministers and delegations from other nations.

    For the purpose of showcasing the actions and future plans that the government has for the expansion and development of the food processing sector in India, Paswan will be delivering a speech to the grand gathering that will be taking place during the event.

    Additionally, on the first day of the event, there will be a roundtable discussion with high-level CEOs. Piyush Goyal, the Union Minister for the Ministry of Commerce and Industry, and Paswan will serve as co-chairs for this discussion.

    Other Highlights of the Event

    A significant number of buyers, over one thousand, will be present at the Reverse Buyer Seller Meet, which is being organised by APEDA, MPEDA, and the commodity boards. On September 20-21, 2024, the Food Safety and Standards Authority of India (FSSAI) will be hosting the second edition of the Global Food Regulators Summit, which is being organised in partnership with World Food India.

    The World Food India 2024 initiative will have Japan as its partner country. Additionally, Vietnam and Iran will be participating as focus countries in this event. Over 40 different knowledge sessions, including thematic discussions, state-specific conferences, and country-specific conferences, will be held during the event. In addition, there will be panel discussions hosted by industry professionals, with over one hundred chief executive officers of agri-food firms present. A culinary competition called Swaad Sutra has been introduced by the organisers of World Food India 2024 in order to enhance the popularity of the event. The competition will showcase regional dishes from all around India.

    Apeda Aims to Export $1 Bn Worth of Indian Alcoholic Beverages
    Apeda, which is responsible for facilitating exports of agricultural products, has set a goal of $1 billion to promote Indian alcoholic and non-alcoholic beverages internationally over the next several years.
    StartupTalkyNitin Konde

  • GOI Removes Basmati Rice Minimum Export Price, Raises Edible Oil Charges

    According to a statement released by the Ministry of Commerce and Industry on 14 September 2024, the minimum export price (MEP) criteria for basmati rice exports has been eliminated by the Union Government.

    To increase the incomes of farmers, the decision has been made to permit the export of basmati rice, which is a GI-tagged type that is considered to be of the highest quality. In the announcement, it was emphasized that this decision was made in consideration of the sufficient availability of rice within the country as well as continued worries regarding trade.

    “We greatly welcome the government’s decision to remove the MEP on Basmati rice. The timing of this strategic move coincided favorably with the imminent harvest of the new crop. With the MEP removed, Indian exporters now have the power to offer Basmati rice at far more competitive rates on a global scale, seemingly primed to drive a huge surge in export volumes. With new crop sales and export orders set to be finalised, this decision provides greater clarity for importers worldwide regarding India’s policy direction. Moreover, this change is expected to benefit farmers by boosting income and price realisations, as increased demand in the short term is likely due to the competitive pricing from Indian exporters,” stated Akshay Gupta, Head – Bulk Exports, KRBL Limited.

    APEDA to Closely Monitor Export Contracts

    To avoid basmati rice from being priced unreasonably and to guarantee that export procedures are transparent, the Agricultural and Processed Food Products Export Development Authority (APEDA) will rigorously supervise export contracts.

    In August 2023, a temporary measure was implemented that established a floor price for basmati rice exports at USD 1,200 per metric tonne (MT). As a result of a limited supply within the country and rising costs for rice on the domestic market, this decision was made. It was also intended to avoid the misclassification of non-basmati rice as basmati during exports. This was done because the export of non-basmati white rice is restricted to satisfy domestic demand.

    On the other hand, in October of 2023, the government decided to lower the floor price to USD 950 per MT after receiving comments from various trade associations and stakeholders.

    Hiking Duty on Edible Oil to Increase Oil Seed Crop Demand

    A post on the social media site “X” made by Shivraj Singh Chouhan, Minister of Agriculture and Farmers Welfare, declared that the government has decided to hike the basic duty on refined oil to 32.5 percent. This is one of the other measures that would affect farmers. As a result of this action, it is anticipated that the demand for mustard, sunflower, and groundnut crops will increase, which will cause farmers’ incomes to improve.

    Farmers’ advancement is a priority of Prime Minister Narendra Modi’s government. Increasing the basic tariff on refined oil to 32.5% is something that has been decided upon. Mustard, sunflower, and peanut crops will see an increase in demand as a result of this. According to Chouhan’s statement mentioned in a media report, farmers would earn higher prices for these products, and the expansion of refineries in rural and small areas would also lead to an increase in employment prospects.

    In addition, the government has increased the import duty on edible oils from 0% to 20%. Chouhan went on to say that the overall effective duty will amount to 27.5% if other components are taken into consideration during the calculation. A greater quantity of soybean meal, which will be shipped overseas, will be produced as a result of this decision. As Chouhan mentioned in his post on X, other industries that are associated with soy would also get benefits.

    Apeda Aims to Export $1 Bn Worth of Indian Alcoholic Beverages
    Apeda, which is responsible for facilitating exports of agricultural products, has set a goal of $1 billion to promote Indian alcoholic and non-alcoholic beverages internationally over the next several years.
    StartupTalkyNitin Konde

  • Apeda Aims to Export $1 Bn Worth of Indian Alcoholic Beverages

    The Agricultural and Processed Food Export Development Authority (Apeda), which is responsible for facilitating exports of agricultural products, has set a goal of $1 billion to promote Indian alcoholic and non-alcoholic beverages internationally over the next several years, in response to the robust demand for Indian spirits around the world. One goal of Apeda’s ‘Make in India’ campaign has been to boost sales of Indian spirits to key international markets.

    In terms of alcoholic beverage exports, India is presently ranked forty-first globally. An opportunity for expansion exists due to the rising demand for Indian spirits on a global scale, according to a statement from the Commerce Ministry.

    Major markets for the country’s alcoholic beverage exports in 2023–24 included the UAE, Singapore, Angola, Kenya, and the Netherlands, with a total value of over INR 2,200 crore. The spirits export value of India reached USD 325 million in 2022–23 and is projected to have strong development due to the high demand for Indian spirits.

    Diageo India (United Spirits Ltd) to Set Its Foot in the UK

    According to the announcement made by APEDA, Diageo India (United Spirits Ltd), one of the most prominent alcohol and beverage firms in India, is planning to introduce Godawan, an artisanal single malt whisky that is produced in Rajasthan, to the United Kingdom. This will be a significant step forward for the Indian spirits industry.

    Godawan is being manufactured by the Government of India as part of their Make in India effort, which has resulted in an investment of more than two hundred crore rupees. By the year 2030, the government of India has set an ambitious goal of achieving a total export value of $2 trillion, with $1 trillion consisting of products and $1 trillion consisting of services. The transformational programs that we are working on, such as Make in India and Atmanirbhar Bharat, are integrally connected to this goal.

    Godawan is a shining example of the effectiveness of these programs, according to the Additional Secretary of the Ministry of Commerce and Industry. These programs are pushing India’s transformation into a global manufacturing hub.

    Rajesh Agrawal, Additional Secretary of the Ministry of Commerce and Industry, and Debra Crew, Chief Executive Officer of Diageo Plc, along with Abhishek Dev, Chairman of APEDA, and Hina Nagarajan, MD and CEO of Diageo India, were the individuals who jointly flagged off the first batch of Godawan to the United Kingdom, as stated by the ministry. Other senior representatives were also present. At the International Food and Drinks Event (IFE) that took place in London in March of this year, Godawan Single Malt whisky was one of the featured beverages. The introduction of Godawan in the United Kingdom and the beginning of exports were both facilitated by this first step. The six-row barley that is used in the production of Godawan has been sourced from within the neighborhood, which contributes to the enhancement of the agricultural income of the local farmers of the Alwar region through the establishment of backward linkages.

    Spirited Growth of India’s Alcohol Market
    The growth of the alcohol market in India has been remarkable, driven by evolving lifestyles, urbanization, and the expanding middle class.
    StartupTalkyNadeesh Kareemdathil