TPCI organizes Buyer-Seller meet in London

On October 16th, the Trade Promotion Council of India (TPCI) hosted a successful Buyer-Seller Meet (BSM) at the Hilton in Wembley, London. Twenty leading Indian exporters showcased a variety of high-quality food and beverage products to over 50 UK buyers.

This event created valuable opportunities for collaboration and growth within the sector, as participants engaged in meaningful discussions about partnerships. Attendees praised the innovation and quality of Indian offerings, highlighting India’s culinary heritage.

TPCI’s initiative underscores its commitment to enhancing trade relations and promoting Indian exports, paving the way for stronger bilateral ties between India and the UK.

India’s F&B export to UK was worth US$ 1.1 billion in 2023, showcasing a 5-year CAGR of 8.3%. With this, India was ranked as the 14th largest exporter of F&B products to the UK, with a share of 1.4%. Conversely, the UK was India’s 10th largest export market in 2023, with a share of 2.1% in India’s overall exports.

On closely analysing UK’s food & beverages imports from India, one can clearly see that there is a lot of untapped potential. The top 9 segments account for over 90% of UK’s F&B imports from India. The share is highly skewed in favour of Cereals (22.5%), Coffee, tea, mate & spices (13.6%) and Fish & crustaceans (12.6%). It must also be noted that there is a significant variation in segment-wise share when we compare India’s exports to the UK’s imports. For instance, beverages and spirits is the top import of the UK, whereas India’s exports in this category are very low at US$ 2.9 million.