Biovalley Incubation Council and its international media partner NutraIngredients-Asia, part of William Reed, want to help add value to India’s nutritional industry.
Biovalley Incubation Council and its international media partner NutraIngredients-Asia, part of William Reed, want to help add value to India’s nutritional industry.
Biovalley took initiative to launch Nutrify India 2020 to create a platform that converges the wisdom of different industry stake holders and evolve Responsible Nutrition.
The Indian economy is being positioned to be pegged at USD 10 trillion by 2030. With four-fold growth in next 10 years, is the Indian population geared up to take on the aggressive journey? India has evolved to be a nation where majority of deaths are caused by disproportionate nutrition and not accidents or other communicable diseases. 640 million people in India are calorific sufficient but malnourished, while 360 million are completely malnourished, while 150 million are over nourished and its slightly over 10 million which is highly health conscious and practices healthy living and supplements itself with various nutritionals. Majority of Indian population faces two different nutritional needs. One segment needs nutritional and lifestyle correction and supplementation to balance their nutritional status. The other segment needs elemental nutritionals to cover their basic nutritional needs.
• With growing awareness among Indian consumers on preventive health, nutritionals and national programs like Fit India, poshan abhiyan etc, are helping the Indian nutritionals industry to grow by 10% each year, to now stand at of USD 8 billion. The rapid growth potentially opens loop holes to ineffective nutritionals (ingredients or formulations) entering the market leading to sub-health outcomes affecting consumers and healthcare practitioners trust quotient on the nutritional science.
• There is a need for converging collective wisdom of researchers, medical KoLs, Manufacturers, Marketeers, start-ups, regulators and servicing industry to evolve effective business pathways that leads to growth of Responsible Nutrition that delivers health outcome driven ingredients / formulations, and regulated consumer communication.
Why is Nutrify India Unique:
• First of its kind event in the campus where Nutritionals is in action
• The association with William Reed’s NutraIngredients-Asia brings on board their content, industry expertise and international insights.
• Network with innovators, regulators, industry stake holders, investors, convergence technologies, key government policy makers in commerce, import-exports, embassy representatives for international alliances, international players.
• Meet technical and regulatory experts
• Product development solutions
• Experience large clusters of labs (analytical, testing and validation, prototyping, animal testing and piloting) meant for the industry.
• Get introduced to India’s first industry specific management program for capacity building- A joint project by the knowledge partner – GITAM university
As Biovalley gears for Nutrify India event in June 2020, it is pleased to organize Nutrify India workshop and networking event on 5th February 2020 at its campus in Vizag.
The workshop will have participants from Research Triangle Institute, Good Food Institute, GITAM university, Centuarian university, Fresenius Kabi, Crius Lifesciences, GSK, CIPLA, Dr V Mohan Research Foundation, Avishkaar pharma, Department of International trade- United Kingdom, etc.
The workshops along with the major event will establish following agenda of Biovalley:
Supporting start-ups:
1. Instant exposure of start ups to industry
2. Express commercialization and technology transfer of Indian start-ups during the event
3. Global industry interaction
4. R&D joint project initiation opportunity
Key benefits for India:
1. Projecting India as Nutraceutical industry capital of the world
2. FDI in nutraceuticals. Exposure of India as nutraceuticals investment destination for domestic and international companies
3. India branding at global industry platform.
4. Direct impact on commercial farming and Argo industry as nutraceutical industry depends on plant and marine resources.