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TPCI sets up Food Sectoral Committees to tap into New Markets and Investment

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Three committees set up to suggest ways to boost exports of foodOn September 15, 2020, Trade Promotion Council of India (TPCI) constituted three committees to tap into new markets and identify new opportunities for trade and investment. The Three Committees will focus on Food & Beverages, Food Processing Technology and Chemical and Allied Products

These committees will act as think tanks, and submit their suggestions, recommendations to the government for policies to boost exports. They will meet regularly and represent their demands and concerns of the industry at various forums.

Committees:

Food & Beverages:

i.Laxman Singh Rathor, President of International Business of Ramdev Food Products Pvt Ltd was elected as Chairman of committee on Food and Beverages (F&B) and Vivek Agarwal, Managing Director of Capital Venture Pvt Ltd was elected as Vice Chair of the committee. 

ii.The committee will promote the Indian F&B products globally and help the Indian products to reach retail shelves across the world.

Food Processing Technology:

i.R. Senguttuvan, Chief Executive Officer (CEO) of Indian Tobacco Company (ITC) Limited (Printing & Packaging Division) was elected as Chairman of Committee and Sanjay Grover, Vice President of International Business of Kirloskar Pneumatic Company Limited was elected as Vice Chairman of the Committee. 

ii.This committee will give new thrust to India’s Food Processing and Packaging machineries area to improve efficiency, productivity to encourage Indian Entrepreneurs to become “Local Global Champions”.

Chemical and Allied Products:

i.The Committee on Chemical and Allied Products will be chaired by Manish Shah, Managing Director of Tanya Exports and Kapil Malhotra, Vice President of Marketing of Gujarat Fluorochemicals Ltd will be the Vice-Chairman. 

ii.The objective of the committee will be to explore and develop a new market strategy and plan for restructuring the chemical sector in India.

Recent Related News:

i.On July 27, Union Minister for Chemicals and Fertilizers, Sadananda Gowda launched guidelines for four schemes of Department of Pharmaceuticals, two each for Bulk Drugs and Medical Devices parks to boost domestic manufacturing of bulk drugs and medical devices parks in India.

ii.On February 17, 2020, The 15th Finance Commission has set up an 8-member group led by ITC chairman and managing director (MD) Sanjiv Puri to promote exports & also to encourage the concerned crops to ensure replacement of more imports.

Key Points:

i.During the Pandemic, the global markets witnessed huge demand for food products, India had the potential to tap into the demands to boost its exports.

ii.The Indian Food Sector witnessed huge demands in major destinations such as the US, Europe, Australia, New Zealand, Israel, Palestine, and Egypt.

iii.The challenges faced by Indian exporters are shortage of containers, complying with norms of various countries, delays in clearance and delay in payments.

About Trade Promotion Council of India (TPCI):
Chairman – Mohit Singla
Headquarters – New Delhi