APEDA organized Asia’s biggest B2B international food and hospitality fair AAHAR in April 2022 at Pragati Maidan.
The aim is to unlock the abundant potential in the food and hospitality sector.
Utility: UPSC, JPSC, BPSC Prelims & Mains Section: Economy/ Agro & Allied Sectors |
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Key Points
- AAHAR 2022 is organised by the Agricultural & Processed Food Products Export Development Authority (APEDA), in association with the India Trade Promotion Organization (ITPO).
- AAHAR is a part of the series of export promotion initiatives taken by APEDA to showcase agricultural and processed food products to the global players in the food and beverages industry.
- Apart from AAHAR, APEDA also organizes national events like Organic World Congress, BioFach India etc to promote agri-exports.
- Notably, more than 150 food and Agri Products have been registered as GI by the GI Registry out of which 123 GI products fall under APEDA’s category till March 2022.
About India’s Food Sector:
- India’s food & grocery market is the 6th largest in the world.
- The Indian food sector is a high-growth sector with immense potential for value addition.
- The sector already touched nearly US$ 500 billion in 2020.
- The food processing industry in India accounts for 32% of the country’s total food market & 14% of the manufacturing GDP.
- It is estimated that the food processing sectors can potentially attract US$ 33 billion in investment in the next 10 years.
- As per the DGCI&S data, the agricultural exports have grown by 19.92 percent during 2021-22 to touch USD 50.21 billion.
- The growth rate is remarkable as it is over and above the growth of 17.66 percent at USD 41.87 billion achieved in 2020-21.
- Also, APEDA has scripted a new history by exporting agricultural and processed food products to USD 25.6 billion, which is 51 percent of the India’s total agriculture exports of USD 50 billion.