World Food: India gets $11 bn investment in food processing 06/11/2017


World Food: India gets $11 bn investment in food processing
06/11/2017 07:36
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Food Processing Minister Harsimrat Kaur Badal on Sunday said USD 11.25 billion investments with 50 MoUs were committed in the country's food processing sector during the World Food India event. World Food India 2017 achieved a resounding success with delegates from over 60 countries and Global CEOs congregating in New Delhi for the three day Conference cum exhibition. Recapitulating the action packed three day Mega Food event, the host Harsimrat Kaur Badal said that inspired by the leadership of Prime Minister Narendra Modi, her Ministry sees World Food India 2017 as a beginning and not end of an event. Badal said MoFPI’s resolve is only strengthened to help India be established as the World Food Factory. Smt Badal said that during WFI, States including Punjab and Haryana also have negotiated MOUs worth USD 2.5b. “Ministry of Food Processing Industries will forge ahead to work expeditiously on implementing these MOUs. A special cell has been setup in Invest India to follow up on these negotiations and the Knowledge Partners would help achieve the goals” she informed. Badal said her Ministry is guided by the principles of - ensure steps to reduce wastage, produce more and process more. Farm to Fork is their mantra and Food Processing Industries have to be the bridge between Farmers and Consumers. The Minister informed that while States of Maharashtra and Telangana have announced their Food Processing Policy, the MoFPI would soon finalize the National Food Processing Policy.
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