New Delhi, Nov 12 (UNI) The 27th India International Trade Fair 2007 will begin here from November 14 showcasing a wide potential in processing of food from cattle, milk and marine sector along with displaying a wide spectrum available in agro-processing from maize to fruits items.
Organized by the India Trade Promotion Organisation (ITPO) at Pragati Maidan, from November 14-27, 2007, the Fair is a mega event on the theme of 'Processed Food and Agro-Industries".
The fair will be, in fact, a projection of India's latent sinews with regard to its being the 10th most industrialised country and fourth largest economy in terms of purchasing power parity with its GDP projected to grow at nearly 8 per cent in 2006-07. Richly endowed in agricultural area in Asia with 169 million hectares of arable land, India also accounts for one-tenth of the world's arable land and a fifth of the world's irrigated land at 56 million hectares with a coastline extending to 8000 km and vast marine wealth.
Besides that, India has a large potential in food and agri-product processing as it is the sixth in poultry production (842 millions) in the world, having 53 per cent of world's buffaloes and 43 per cent of sheep. Also, it is the seventh largest in marine landings ( 5.8 million tonnes) and largest producer of milk (84.5 million tonnes) The country is also one of the world's largest food producers at 601 million tonnes after China (856 million tonnes) and the USA (608 million tonnes). And second largest largest producer of fruits (46.64 million tonnes) after Brazil besides being second largest producer of vegetables (78.19 million tonnes) in the world, next to China (13 per cent of world's production) India is a veritable treasure house of medicinal aromatic plant species with 9500 species of medicinal and aromatic plants being classified and documented.
While India is one of the largest food producers of the world with the organised sector accounting for food output worth 34,827 million dollars, only a small percentage of its farm produce is processed into value-added products.
A huge and exponentially growing demand is represented by a market of one billion people spending on an average about 50 per cent of household expenditures on food coupled by a scenario of rapid urbanization and changing lifestyles.
A 30 million upper and middle class segment of the total population consume processed and packaged food with another 200 million people projected to shift to this group by 2010 thanks largely to the rapid urbanisation and changing lifestyles.