Shraddha Bhansali is the founder of Candy & Green, a vegan restaurant in Mumbai and the most recent EVO foods, a clean plant-based protein company in India. Recognised by Forbes 30 under 30, she recently shared her entrepreneurial journey towards producing sustainable foods, securing her first angel investment from Ryan Bethencourt, the co-founder and CEO of Shark Tank fame and why clean-protein is the next big thing in India.
Demographics, rising incomes and a low existing base all point towards a paradigm shift in the fortunes of India’s still fledgling food retail sector.
It can potentially become the largest recipient of foreign direct investment (FDI) and will definitely play a major role in realising the Prime Minister’s goal of doubling farm incomes by 2022. Food retail, the largest component of India’s more than $500-billion retail sector, is standing at the cusp of greatness. How its fortunes play out over the next five to 10 years could well decide the success of the government’s ambitious Make in India initiative as well as the direction of politics by influencing how the critical farm lobby votes in future elections.
Harsimrat Kaur Badal, as the minister in charge of India’s Ministry of Food Process Industries, has been on a worldwide mission to attract investors to the country’s $915bn farm-to-fork ecosystem. During a recent visit to London, ‘India Investment Journal’ was given an insight into her plans for India’s first-ever World Food India summit this year. What is the investment update since your last visit to the UK? From our last meeting, all the big retail chains were hoping for some [...]