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Investment target of US$25.07 billion set to double India's share in global food trade by 2015
Mr. Achal K Paul | 17 Jan 2014

Announced at 'National Conference on Modern Trends in Consumer Packaging Challenges & Opportunities' organized by Indian Institute of Packaging at New Delhi.

The ‘National Conference on Modern Trends in Consumer Packaging – Challenges & Opportunities’ was concurrently held today with INDPACK 2014  at Hotel Shangri-La Eros, New Delhi at 9:30 AM.

The Inaugural function of the ‘National Conference on Modern Trends in Consumer Packaging – Challenges & Opportunities’ was done by Mr. K. Chandramouli, IAS, Food Safety and Standards Authority of India, Government of India.

Industry experts presented their papers at the conference to cover the prospects of latest trends and needs of Consumer Packaging industry.

 The highlights of the conference will be:

a.     Learning the best practices for successful package development, consumer satisfaction with key insights and applications from industry experts.

b.    To understand consumer perceptions of satisfaction by packaging category and the opportunities for brand owners, retailers and designers to improve product experience.

Inaugurating the conference Mr. K. Chandramouli, said, “Packaging plays a very important part in the food processing industry, a dominant segment of India’s food industry with a 32% share. While India has abundant food supply, the processed food industry is still in its nascent stages – only 2 percent of fruits and vegetables and 15 percent of milk is processed. The opportunity for collaboration and improvement through conferences such as these is huge.”

As compared to the global context, in India, the value addition to food production is only 7%. The same is 23% in China, 45% in Philippines and 188% in UK.  In addition, the small scale and unorganized sectors today account for 75% of the total industry and there are very few large and medium sized industries in the organized sector. To realize India’s potential in this industry, the government has set an investment target of US$25.07 billion by 2015 to double India’s share in global food trade from 1.6 percent to 3 percent, increasing processing of perishable food from 6 percent to 20 percent and value additions from 20 percent to 35 percent.

Prof N C Saha, Director, Indian Institute of Packagingadded, “Packaging will play a major role, as the food processing Industry, which has been growing at 7 percent, is likely to register a growth rate of over 10 percent in the near future, on the back of a set up in investments and increase in consumer demand. Other industries such as FMCG and pharma will also benefit from developments in packaging technology.”

Also present at the inauguration were Guest of Honour, Shri. A. K. Tripaty, Joint Secretary, Ministry of Commerce, Govt. of India and Chairman – APEDA, Shri Chitranjan Dar, Divisional Chief Executive, Foods Division – ITC Limited, Mr. R.V.S.Ramakrishna, Chairman- Signode India Limited and Chairman Committee of IIP, Mr. Rakesh Shah, Chairman – IIP Delhi, Mr. Sunil Jain, Chairman INDPACK.

About the Packaging Industry

As per a Pira Report, the world packaging market is estimated to be USD550 billion and the forecast is that the global packaging industry will swell to almost USD 820 billion by 2016 Driven mainly by increasing demand for packaging in emerging and transitional economies, a 3% per annum growth rate will focus on board products and rigid plastics, with USD 40 billion and USD 33 billion in cumulative predicted growth respectively to 2016.

The annual growth rate of this sector is about 15% per annum and it is expected that annual turnover of Indian Packaging industry will touch USD 32 Billion by 2025. The huge response to the exhibition is testimony to the importance of packaging in the modern economy.

 About Indian Institute of Packaging

The Indian Institute of Packaging is an apex body of the packaging industries in India. IIP is ceaselessly working since 1966 with the active support of packaging and allied industries and Ministry of Commerce & Industry, Government of India. The Institute is dedicated to serve the nation and the industry to achieve excellence in packaging.

The Institute began its activities in a very humble manner with an Office at Mumbai and now has expanded across the country. The Institute opened its first branch office in Chennai in 1971 followed by Kolkata in 1976. In 1986, the Northern Regional Center of the Institute was set up in Delhi and in 2006, the fourth branch was opened at Hyderabad. The Institute made history in 2013, when the Govt. of Karnataka allotted a land of four acres, to set up a  branch at Bangalore. The foundation stone was laid by the Hon’ble Union Minister for Commerce and Industry, Govt. of India Shri Anand Sharma on 15th  March, 2013. IIP has already started the construction at Bangalore. An institute has also been proposed for Guwahati.

Recently, a foundation stone laying ceremony for a  New Educational Complex & International Packaging Centre for B.Tech at IIP Mumbai was done at the hands of Dr. E.M. Sudarsana Natchiappan, Hon’ble Minister of State for Commerce & Industry, Government of India; further to  the Ministry of Commerce giving “in principle” approval to the Institute for obtaining the recognition as Deemed University

The facilities & services offered by the Institute are aimed at making existing modes of packaging perform better and developing new packaging to meet the demands of presents and new markets. The diversified activities of Institute encompass the entire spectrum of the packaging including Research, Development, Education, Training, Testing, Information, Exhibition, Design, Publication, Library and Data Base services.