Vietnam aims to tap into the Indian market for farm produce and processed food

"We aim to make a lasting impact through this collaboration, providing an opportunity to enhance trade cooperation between Vietnam and India, particularly in the field of exporting high-demand products in larger volumes," stated Bui Trung Thuong, Vietnam's Trade Counselor in India.

0
241

More than 30 Vietnamese enterprises have their agricultural products and processed food introduced at World Food India (WFI) 2023 that opened in New Delhi, India, on November 3, VNA reported.

Vietnam is chosen as one of three “focus countries” with a pavilion covering 200 sq.m at the event.

Vietnam Seeks to Unleash Food Processing Potential in Indian Market
At the opening ceremony of the Vietnamese pavilion.

Speaking at the opening ceremony of the Vietnamese pavilion, Vietnamese Ambassador to India Nguyen Thanh Hai highlighted the growing trade relations between Vietnam and India in recent years.

The Indian food market is very large and there is still a lot of room for Vietnamese businesses to explore, he said.

“This participation, we hope to create a mark and an opportunity to help further promote cooperation between Vietnam and India in trade, especially the export of strong products in increasing quantities,” Bui Trung Thuong, Vietnam Trade Counselor in India said.

Indian Minister of Fisheries, Animal Husbandry, and Dairying Parshottam Rupala visited the Vietnamese pavilion. He expressed his impression of Vietnamese products.

Vietnam Seeks to Unleash Food Processing Potential in Indian Market
Vietnamese fruits at the pavilion.

A seminar is scheduled to take place on November 5 to highlight the potential of Vietnamese agricultural products and processed food. This is an opportunity for Vietnamese enterprises to connect with Indian partners in the field.

The second edition of the three-day event continues to celebrate 2023 as the ‘International Year of the Millets’ as Indian Prime Minister Narendra Modi inaugurates the global event at Pragati Maidan in Delhi.

The three-day WFI 2023 attracted 1,200 exhibitors, including 146 global companies, and ministerial-level delegations from 19 countries and territories. Over 50 workshops with over 200 speakers will be held within the framework of the event.

According to Anita Praveen, Secretary, Food Processing Industries, Government of India, global demand for processed foods is rising at a steady 4% due to increased urbanization, higher incomes, and convenience food preferences.

With its large population, increasing income levels, and strong economic growth, India is a promising investment destination, with its food processing industry shining as one of the most reliable sectors. As India marches towards becoming a $5 trillion economy, the food processing industry is poised to play a pivotal role.

Hannah Nguyen
You may also like

Rapid Expansion of Trade Following EVFTA Implementation

The EU-Vietnam Free Trade Agreement, or EVFTA, entered into force on August 1 last year and has created the conditions needed to boost bilateral trade between Vietnam and the EU. According to the General Statistics Office, total import-export turnover between the two sides in the first seven months of 2021 topped 32.2 billion USD, an increase of 4.4 billion USD compared to the same period of 2020.

Prime Minister Works with the RoK’s Embassy and Enterprises in Vietnam

Prime Minister Pham Minh Chinh chaired a dialogue with the RoK’s Ambassador and representatives of Korean associations and businesses in Vietnam.

Vietnam, India Held Second Security Dialogue Held in New Delhi

The second Vietnam-India security dialogue held to further the Comprehensive Strategic Partnership, especially in areas of security and geopolitics.

Vietnam News Today (Dec. 3): Vietnam, Singapore Hold 16th Connectivity Ministerial Meeting

Vietnam News Today (Dec. 3): Vietnam reports 635 new Covid-19 cases on December 2; NA leader meets Governor of Victoria and Australian Assistant Minister; Vietnam, Singapore hold 16th connectivity ministerial meeting; Meteor shower to light up Vietnamese skies on December 13.

Taste of Italy Week introduced at MM Mega Market

The MM Mega Market Vietnam Company working in collaboration with the Italian Embassy in Hanoi officially opened the Taste of Italy week in Hanoi on December 2.