A week dedicated to the French agro industry in India
New Delhi, 18 September 2018
This week marked the very first edition of Food India by SIAL, the first Indian avatar of the prestigious French International Agrobusiness exhibition, whose next edition will take place next month in Paris.
Thanks to the organizers Comexposium, Interads and Business France India for coordinating the French Pavilion, more than 150 exhibitors were present, of whom 40% came from abroad.
The success of this event speaks volumes about the tremendous dynamics of the agribusiness here in India, and the many opportunities it offers to French companies, to export to India but also to invest in the country.
France is the second largest European investor in agrobusiness in India. 53 companies have already joined the “Agro club” that was created by the Economic and Trade Department of the embassy just a year ago. New memberships are being processed, and we expect the club to continue growing.
When it comes to French exports to India, one of the flagship products is obviously wine and on this occasion, a delegation of wine producers, from Bordeaux region, Burgundy and Occitanie, came to explore the growing potential of the Indian market. France also broke a new historic record in 2017 with the increase of its export turnover by 1 billion EUR.
At a time where overall Indian consumer habits are changing rapidly, wine consumption is expected to grow by 15% in the next few years. As the young urban middle class is turning more and more to wine France plans to step in the market of the “casual Friday night drink with friends”.