‘Highly complementary economies’: Indian F&B firms urged to pursue lucrative Canadian food trade opportunities

Published Sep 29, 2020

Tridge summary

The Trade Promotion Council of India (TPCI) has identified Canada as a lucrative market for Indian food exports, particularly processed food products. The potential categories include coffee, ready-to-eat fresh fruits, bakery products, roasted snacks, and non-oil health food supplements. The TPCI is optimistic about the India-Canada Comprehensive Economic Partnership Agreement (CEPA), which is under discussion, and believes it will further boost Indian food exports. The TPCI also emphasizes the importance of setting up warehouses in Canada to facilitate the entry of Indian products into the Canadian market. This shift in the India-Canada relationship, as highlighted by the TPCI, could be a step towards repairing strained relations following a past incident of diplomatic misunderstanding.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to numbers from the Trade Promotion Council of India (TPCI), there are many areas of potential when it comes to food trade between the two countries, especially for processed food products. “Potential for enhancing Indian exports exists across many categories – [from] our interactions with Indian and Canadian businesses, some of the key product categories with potential for Indian exports include coffee, processed/ready-to-eat fresh fruits and bakery products,” TPCI Chairman Mohit Singla told FoodNavigator-Asia. “Canada is a lucrative market with the food and drink consumption base expected to progressively increase due to improving lifestyles and disposable incomes [and particularly for India, there is a] sizeable Indian diaspora there of around 2.5 million, which is expected to grow even further in the coming years, which is a key market for Indian processed food products. “Roasted snacks and non-oil health food supplements are also being explored as potential ...

Source: Food Navigator Asia