Nutra’s vision and dream
Manjusha Morgaonkar – Mumbai
After three consecutive years of successful nutraceutical events, the fourth Nutraceutical Summit 2008 held at World Trade Center, Mumbai, brought policy makers and regulatory authorities face to face with the nutraceutical industry. This gave them an excellent opportunity to understand perceptions of their counterparts and streamlining the food laws, food safety bill and labelling and code of good manufacturing practices.
The event-cum-exhibition was inaugurated by honourable S M Krishna, Governor of Maharashtra. The inaugural function was jointly attended by Dr Ved Prakash, Director, Central Food Technological Research Institute (CFTRI), T C Venkat Subramanian, CMD, Exim Bank and Antonio Di Giulio, European Commission’s Director General for Research and Head of the Unit on Food, Health and Wellbeing. Krishna said that Maharasthra is a hub of the nutraceutical industry and the state should take the initiative to go in for a higher level of processing of food to get better economic returns, which will benefit both farmers as well as consumers. As it is a challenging task for the government, nutraceutical industry now has to play a pivotal role for the government and for its people. “The new food safety and standards act is an important step for the nutraceutical industry and such development will immensely benefit Maharashtra as well as functional foods and nutraceuticals,” Krishna added.
Prakash, who is also the Chairman of the national advisory council of nutraceutical summit, said that the industry is poised for a big growth and scientific research and development can play an increasingly important role in the growth of the sector. This event brought the scientific fraternity, technocrats, industry captains and policy makers together to address topics like the “Key trends in nutraceuticals and food: novel ingredients, new applications and global business opportunities.”
The event was organised by CFTRI, Council of Scientific and Industrial Research (CSIR) and supported by leading industry associations of India like Health Foods and Dietary Supplements Association (HADSA), Organisation of Pharmaceutical Producers of India (OPPI), Indian Drug Manufacturers Association (IDMA), Australian Direct Marketing Association (ADMA) and Association of Biotechnology Led Enterprises (ABLE). The conference attracted 400 delegates from nutraceuticals, pharma, nutra ingredients, biotech and finance.
It addressed various topics like new developments in functional foods for enhanced nutrition, effective use of dietary supplements, bridging traditional knowledge and modern nutraceuticals, interactive scientific sessions, nutraceuticals in disease prevention and treatment and aftercare, nutraceuticals and lifestyle management and claims, labelling and policy issues.
Distinguished speakers from India and overseas spoke on important facets of the above-mentioned topics. Dr Lekh Juneja, Representative Director, Executive Vice President, Taiyo Kagaku spoke on ‘Bringing innovations to market: an international perspective’, whereas Sandip Dang, CEO, Avesta Goods Earth Foods dealt with ‘The potential of traditional Indian herbs and plants in functional foods’.
Dr Vilas Shirhatti, Chief-Technology, Marico discussed ‘New developments in functional foods and dietary supplements’, Jayesh Chaudhary, Founder and MD, Vedic Lifesciences spoke on the business dynamics of neutraceutical R&D, while Ram Nimmagudda, Director of New Business Development for Personalised Nutrition, DSM innovations, USA, spoke on ‘Novel ingredients at market place’.
In the post lunch session Dr Siva Hari, President and CEO, Jarrow Industries discussed the topic ‘Dietary supplements-opportunities and challenges in American and Indian markets’, Dr Kim Krumhar, VP RandD centre, Herbalife International discussed the ‘Herbalife diet-personalised nutrition for health’, Akkshay Mehta, Managing Director, Mission Vivacare spoke on India’s potential in the global dietary supplements markets, Hideo Saito, Pharmasist, President, Toyo Science Corporation discussed ‘Ingredients for health and beauty in Japan’.
In the evening Dr Shrinivasan, Head of Herbal Division, Natural Remedies spoke on the opportunities presented by the nutraceutical segment. Dr N S Bhatt, Consultant, Ayurvedic Research Industry spoke on the topic ‘An approach to ‘CAM’ products-ayurvedic perspective’ and Dr Ranjan Mogre, Director, Natext Biotech discussed ‘High strength herbal ingredients in nutraceutical products’.
The main highlights of the fourth Nutraceutical Summit 2008 were the international conference, special session by European Union, Nu Fundas Exhibition, doctors and nutritionist’s forum, power session, poster session and CEO summit.
The main exhibitors at this Summit were firms dealing in nutraceutical products, dietary supplements, functional foods, botanical extracts, food ingredients, food, biotech, traditional knowledge industry, cosmeceuticals, sportaceuticals, oleoceuticals, trade commission, consultancy, business and marketing services and also R&D institutes and PPP initiatives.