IFU met with India’s minister of food processing, Ms Harsimrat Kaur Badal, to discuss how IFU and Danish companies can assist India in growing its agricultural production and reduce food waste.
As one of the largest nations in the world, India has a huge demand for food. Today, production of food is substantial but the amount of waste in the agribusiness value chain, close to 40 per cent, is a major challenge. Consequently, it is a high priority for the Indian government to reduce waste. This opens new business opportunities for Danish companies holding the knowledge and technology needed.
The Indian minister visited Denmark to inform about the Indian market and learn more about the Danish agribusiness sector.
– We can offer the companies a big market with high growth rates, and I hope we can learn from the Danish companies how to improve our food production, said the Indian Minster of food production, Harsimrat Kaur Badal, to DI Buisness.
IFU has extensive experience in India
IFU – the investment Fund for Developing Countries has during the years made close to 100 co-investments with Danish companies in India. A number of these is in the agribusiness sector across the whole vale chain from farm to fork.
At a meeting hosted by Landbrug & Fødevarer, IFU’s CEO, Tommy Thomsen, and VP Agribusiness, Max Kruse, presented IFU and the services the fund can provide to engage and integrate more Danish technology and business in the Indian agribusiness sector including the fund’s local setup with investment professionals and advisers.
– We had a very fruitful meeting with the Indian minister, and she expressed her interest in how IFU can assist in paving the way for more Danish companies to engage in the Indian market, said Tommy Thomsen.
Indian food summit
For the first time ever, India will host a food summit “World Food India” 3-5 November. The aim is to present the Indian business community and what the country can offer in terms of investment and business opportunities.
– It is our experience that there is a solid potential in India and good possibilities for scaling your business once you have gained a successful access to the market, said Tommy Thomsen.