Indian Products Expo to be held in Dubai
Last updated: 26 September, 2011
Dubai, Sep 26 (PTI) 13:19 IST
An Indian Products Exhibition (IPE) will be held at the India Trade & Exhibition Centre here from September 28 to October 1, it has been announced.
The exhibition, which will have 40 Indian companies showcasing various food, herbal and ethnic products, will be inaugurated by Member of Parliament Manohar Gajanan Joshi, a former Chief Minister of Maharashtra and ex-Lok Sabha Speaker.
Sanjay Verma, the Consul General of India to Dubai and Vithal V. Kamat, the President of the Maharashtra Economic Development Council (MEDC), and other key dignitaries will be present on the occasion.
The expo is being organised by Maharashtra Economic Development Council (MEDC) and Aanand Trade Services and will focus on major SMEs from India in the food and herbal products sector.
"India, being one of the major trading partners of UAE, with trade in textiles, gems and jewellery, man-made yarn, machinery, instruments, plastics, tea, meat products, processed food, frozen food and fresh vegetable produce, the Indian Products Exhibition comes as a boon to the SMEs in India to explore the potential in the UAE market and meet the wholesalers and distributors in the UAE," ITEC Director General Sripriyaa said.
With the UAE and India's focus on the SMEs, the Indian Products Exhibition shall help to further trade between India and UAE, mainly in the packaged and ready-to-eat food, snacks and herbal products segments.
The UAE imports more than 80 per cent of its food, spending almost 25.5 billion dirhams on food imports in the year 2010, and Indian expatriates in the UAE are a major consumer segment, with their population touching nearly two million.
India is the biggest trading partner of the UAE and also the biggest exporter of food to the UAE, accounting for an 18 per cent slice of the market for vegetables, processed food and meat.
"The Indian Products Exhibition shall be a one-stop shop for hotels, wholesalers, food processing companies and supermarkets in the UAE to source Indian products directly from distributors right at their doorstep," Sripriyaa said.