More than 600 participants, manufacturers of equipment for agro-industrial enterprises, food producers, retailers, officials, and businessmen gathered together at the Russian Business Forum on Strategic Challenges of Agribusiness 2020 at the Agroprodmash 2019 international exhibition at Expocentre Fairgrounds. It was organized by Expocentre AO and Imperia KVK.
The Forum speakers addressed a broad range of strategic issues such as development of the Russian agricultural market, dynamics of indicators and plans of manufacturers, consolidation of large agro-industrial enterprises, and tactical issues including a new product entry to the market, creation of new sales channels, and expansion of the existing ones.
INFOLine Information Agency General Director Ivan Fedyakov presented a development forecast for the agro-industrial market, according to which about 170 large-scale projects will be implemented in 2019-2022 to build and upgrade food and beverage industry facilities. "Total investment in these projects will exceed 850 billion rubles including investment in the production of food industry equipment. Most projects are being fulfilled in the Moscow and Lipetsk region. The Primorye Territory is leading in terms of investment in the food industry," the expert said