Visit of Indian Business Delegations to Kuwait
Visit of Indian Business Delegations to Kuwait
Embassy of India, Kuwait hosted a series trade promotion event from 8-10 September 2024 reflecting the increasing cooperation in the field of food security between India and Kuwait.
2.A Buyer Seller Meet (BSM) in the Food and Beverages (F&B) sector, in collaboration with the Trade Promotion Council of India (TPCI), was successfully held on 8 September 2024 at the Grand Majestic Hotel in Kuwait. The event saw the participation of a delegation of 10 prominent Indian F&B companies, each showcasing a diverse range of products.
3.In another collaborative effort, the Embassy, working with the Federation of Indian Export Organizations (FIEO) and the Kuwait Chamber of Commerce & Industry (KCCI), organized a Buyer-Seller Meet focusing on food and agricultural products on September 9-10, 2024 at the KCCI Exhibition Hall. The event saw delegation of 30 leading Indian companies showcasing an extensive array of food and agricultural products. The expo includes not only traditional offerings but also value-added products derived from millets, latest innovations in food processing and sustainable packaging, organic farming, Indian spices, and frozen food items, demonstrating the cutting edge technologies of the Indian food & agro processing industries and India's growing influence in the global food industry.
4.Dr. Adarsh Swaika, Ambassador of India to Kuwait, formally inaugurated both the events at the Hotel Grand Majestic and the KCCI Exhibition Hall, signifying the importance of these events for bilateral collaboration. The inaugural event was graced by the Mr Emad Al Zaid, Asst Director General of KCCI, Dr Reem Alfulaij, Director General of Public Authority for Food and Nutrition (PAFN), representatives from
Public Authority Of Agriculture Affairs And Fish Resources (PAAFR), commercial banks and press and electronic media.
5.The visiting delegations engaged in productive B2B meetings with leading Kuwaiti importers, hypermarkets and manufacturing industries from the F&B sector based in Kuwait. Indian Business Professionals Council (IBPC) in collaboration with Embassy of India also organized a business networking session on 9th September 2024 at Hotel Crown Plaza, Kuwait which provided the Indian companies an opportunity to have B2B meetings.
6.India is a global leader in the production of spices, milk, and pulses, and the second largest producer of Tea, Sugarcane, wheat, fruits & vegetables. India’s top exports globally include Rice, Sugar, Fresh Vegetables, Marine Products & Seafoods, Fresh Fruits, Spices, Buffalo Meat and more. India’s total exports to Kuwait crossed USD 2.0 billion in FY 2023-24, while food & agriculture exports amounted to approximately USD 350 million with top food exports being Basmati Rice, Coffee (Unroasted), Frozen shrimps & prawns, sugar, boneless meat, cashew nuts, onions, etc.
7.India’s food processing industry is also one of the largest in the world, estimated to reach US$ 1,274 billion in 2027 from US$ 866 billion in 2022. The industry is primarily export oriented with commodities such as processed fruits and vegetables, Ready-to-Eat (RTE) and Ready-to-Cook (RTC), mozzarella cheese, processed marine products, edible oils, beverages, and dairy products. There are more than 20 operational mega food parks, 371 cold chain projects, and 68 agro-processing clusters. India’s FDI in this sector in 2023-24 is estimated to be USD 608 million.
