India Targets $100B Food & Beverage Exports: Piyush Goyal

India aims to achieve $100 billion in combined exports from the Food & Beverage (F&B), agriculture, and marine product industries within the next five years. Union Minister of Commerce & Industry, Shri Piyush Goyal, highlighted this potential during a keynote address at Indusfood 2025 in New Delhi. He emphasized the importance of industry growth at 14-15% annually to reach the target. The Minister praised the success of Indusfood 2025 and the role of APEDA and MPEDA in achieving India’s $50 billion exports last year.

Key Highlights

$100 Billion Export Deal

• Combined exports from F&B, agriculture, and marine sectors.
• Achievable with a 14-15% annual growth rate.

Success of Indusfood 2025

• Organized by APEDA and MPEDA.
• Platform for showcasing Indian products and connecting with global importers.

FDI in F & B Sector

• 100% Foreign Direct Investment allowed.
• Simplified work permits for foreign investors and workers.

Focus on Innovation and Sustainability

• Investment encouraged in packaging, hygiene, and high-value nutritional products.
• Government promoting organic farming with simplified certification processes.

Expansion of Food Testing Infrastructure

• Plan to set up food testing labs nationwide.
• Focus on high-quality standards and traceability.

Promoting Indian Products Globally

• Success of pre-packaged foods like millets, pickles, and spices in international markets.
• Encouragement for innovation and adoption of global standards.

Indusfood Initiative

• Launched in 2017 by the Trade Promotion Council of India.
• Aims to connect Indian F&B companies with global importers and drive exports.