Illustrative image (Source: VNA) HCM City (VNS/VNA) - ManyVietnamese firms are set to participate in the Vibrant Tamil Nadu Expo andSummit in Madurai city, India, to seek information and business opportunities,a meeting heard in HCM City on June 6.
Speaking at the meeting, Jeevan Kandpal theIndian consul in the city, said the food industry-focused expo from August 12to 15 will provide “opportunities to forge business partnerships world-wide.”
The expo aims to bring together all thestakeholders from “farm to fork” – a reference to farmers, food processors,manufacturers, traders, exporters and importers, and consumers, he said.
India is the world’s second largestproducer of fruits and vegetables, marine products, and meat and poultry.
It is the largest producer of milk withproduction estimated at 155.5 tonnes, or approximately 19 percent of theworld’s production.
Its food and grocery market is the world’ssixth largest, with retail contributing 70 percent of the sales.
“Domestic consumption is immense, given the1.3 billion population and increasing affluence,” Kandpal said.
It will be a lucrative food market forVietnamese firms, he said.
“The Indian Government has relaxed normsfor the sector, allowing up to 100 percent FDI in food product e-commercethrough the automatic route, and the wide consumer base should be a magnet forcreating successful business ventures.”
Nguyen The Hung, Deputy Director of the VietnamChamber of Commerce and Industry’s HCM City office, said food is among Vietnam’sindustries with the greatest potential.
“Food products not only meet domesticdemand but are also exported to many countries and territories around theworld. Vietnam is becoming an important supplier of agricultural products andfood globally.”
Hung hoped through the expo Vietnameseagricultural products, foods and beverages would enter the Indian market.
Vietnamese firms would also have theopportunity to network with international partners at the event, he said.
Nguyen Dinh Truong, representative of the VietnamCashew Association, said cashew enterprises are very interested in the Indianmarket and, in addition to participating in the expo, would also want to visitleading cashew processing facilities there.
The District 5 Business Association said itwould send a delegation to the expo.
K Thiruppathi Rajan, chairman of the eventorganising committee, provided information about the event and took questions.
Kandpal said bilateral trade grew by 35 percentlast year to 12.27 billion USD, and the two countries are striving to lift itto 15 billion USD by 2020.-VNS/VNA
Speaking at the meeting, Jeevan Kandpal theIndian consul in the city, said the food industry-focused expo from August 12to 15 will provide “opportunities to forge business partnerships world-wide.”
The expo aims to bring together all thestakeholders from “farm to fork” – a reference to farmers, food processors,manufacturers, traders, exporters and importers, and consumers, he said.
India is the world’s second largestproducer of fruits and vegetables, marine products, and meat and poultry.
It is the largest producer of milk withproduction estimated at 155.5 tonnes, or approximately 19 percent of theworld’s production.
Its food and grocery market is the world’ssixth largest, with retail contributing 70 percent of the sales.
“Domestic consumption is immense, given the1.3 billion population and increasing affluence,” Kandpal said.
It will be a lucrative food market forVietnamese firms, he said.
“The Indian Government has relaxed normsfor the sector, allowing up to 100 percent FDI in food product e-commercethrough the automatic route, and the wide consumer base should be a magnet forcreating successful business ventures.”
Nguyen The Hung, Deputy Director of the VietnamChamber of Commerce and Industry’s HCM City office, said food is among Vietnam’sindustries with the greatest potential.
“Food products not only meet domesticdemand but are also exported to many countries and territories around theworld. Vietnam is becoming an important supplier of agricultural products andfood globally.”
Hung hoped through the expo Vietnameseagricultural products, foods and beverages would enter the Indian market.
Vietnamese firms would also have theopportunity to network with international partners at the event, he said.
Nguyen Dinh Truong, representative of the VietnamCashew Association, said cashew enterprises are very interested in the Indianmarket and, in addition to participating in the expo, would also want to visitleading cashew processing facilities there.
The District 5 Business Association said itwould send a delegation to the expo.
K Thiruppathi Rajan, chairman of the eventorganising committee, provided information about the event and took questions.
Kandpal said bilateral trade grew by 35 percentlast year to 12.27 billion USD, and the two countries are striving to lift itto 15 billion USD by 2020.-VNS/VNA
VNA
