Indian Food Industry on Fast Track

Business Wire, Feb 28, 2008

PALO ALTO, Calif. -- The Economic Research Analytics practice at Frost & Sullivan is pleased to announce its 2008 Quarterly Analyst Briefing Presentation on the Indian food industry to be held on Tuesday, March 4, 2008 at 8:00 a.m. PST.

After China, India is the second largest producer of food and beverages in the world. The transition from an era of food scarcity to surplus serves as a witness to tremendous progress made in this industry. Being one of the largest and most dynamic markets in India, food has seen rapid growth in most of its segments. Increased per capita income and high corporate interest in the organized retail market creates a platform for the Indian food industry to leap forward.

All participants in this sector, especially those looking at market entry and investments in India, will benefit from this briefing. Highlights of the briefing include a political and economic backdrop of the country, industry related policies, industry profile, growth drivers and growth opportunities.

"While staple foods dominate the Indian market, and consumers place high importance on freshness, consumption patterns change and result in increased expenditure on prepared and processed foods," states Frost & Sullivan Research Analyst T. Gunaranjan. "This is the biggest challenge and driver for the food and beverages industry as it expects increased growth due to improved retailing and supply chain management, as well as the priority status given to this industry by the government. The food and beverages industry is, however, restrained by the under-developed infrastructure of the country."

To participate, please e-mail Johanna Haynes, Corporate Communications, at jhaynes_pr@frost.com with the following information: your full name, title, company name, telephone number, company e-mail address, city, state and country. Upon receipt of the above information, a registration link will be e-mailed to you. You may also register to receive a recorded version of the briefing at anytime by submitting the aforementioned contact details.

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