According to the experts, the last two years have seen encouraging developments in smart protein technologies, startups, and investments, as consumer appetite for sustainable alternatives to conventional animal proteins continues to grow.
The Indian smart protein ecosystem has grown at a remarkable rate – from just a handful of stakeholders to a thriving sunrise sector with 50+ startups, 80+ supporting companies, investments poised to grow exponentially, and policy advancements beginning to take clear shape.
Beyond producers, smart protein has the potential to improve dietary choices and nutrition for consumers as well, feel experts.
Present on the occasion, Dr. Sudhanshu, Secretary, APEDA, said, “Our citizens have the right to safe food. When we innovate with new products, they should be accessible to the common masses. Smart protein also provides a new platform for entrepreneurs to prosper and this way India can keep pace with global trends.”
The summit held in collaboration with the Federation of Indian Chambers of Commerce & Industry (FICCI) and with support from the Ministry of Food Processing Industries (MoFPI), the Agricultural and Processed Food Products Export Development Authority (APEDA), and India’s Food Safety and Standards Authority of India (FSSAI) Eat Right India initiative.
Also present on the occasion were Varun Desphande, president, GFI Asia, Siraj Hussain, FICCI advisor and former secretary, MoFPI, GoI, Siraj Azmat Chaudhry, past chair, National Committee on Food Processing, FICCI, and former chairman, Cargill India, and Chairman, NCML.