India Aims for $100B in Food & Beverage Exports: Piyush Goyal

India is aiming for $100 billion in combined exports from the Food & Beverage (F&B), agriculture, and marine product sectors within the next five years. Union Minister of Commerce & Industry, Shri Piyush Goyal, shared this ambitious goal during his keynote address at Indusfood 2025 in New Delhi. He stressed the need for a consistent annual growth rate of 14-15% to meet the target. The Minister also acknowledged the success of Indusfood 2025 and credited APEDA and MPEDA for helping India achieve $50 billion in exports last year.

Key Highlights

• $100 Billion Export Target:
  Aimed at boosting combined exports from F&B, agriculture, and marine sectors.
  Achievable through 14-15% annual growth.

• Success of Indusfood 2025:
  Organized by APEDA and MPEDA, it provides a platform for showcasing Indian products and connecting with global importers.

• FDI in F&B Sector:
  100% Foreign Direct Investment allowed, with simplified work permits for foreign investors and workers.

• Focus on Innovation and Sustainability:
  Investment is encouraged in areas like packaging, hygiene, and high-value nutritional products.
  The government is promoting organic farming with simplified certification processes.

• Expansion of Food Testing Infrastructure:
  Plans to set up food testing labs across the country to ensure high-quality standards and traceability.

• Promoting Indian Products Globally:
  The success of products like millets, pickles, and spices in international markets is highlighted, with encouragement for innovation and global standard adoption.

• Indusfood Initiative:
  Launched in 2017 by the Trade Promotion Council of India, this initiative aims to connect Indian F&B companies with global importers and boost exports.