CM invites entrepreneurs to invest in State's Food Processing sector

PM Modi

Domestic and global firms, including ITC, Pepsico and Hershey, today announced plans to invest billions of dollars in India's food and agri sector as they look to tap one of the world's fastest growing economies. He said India is also rapidly progressing on the Global Innovation Index, Global Logistics Index and Global Competitiveness Index.

"Private sector participation has been increasing in many segments of the value chain". After the inauguration, PM Modi visited the Food Street at India Gate Lawns opposite the national stadium along with Union Minister of Food Processing Industries Harsimrat Kaur Badal and other senior dignitaries.

Minister of Food Processing Industries added that India was geared up for a revolution in the food processing sector and it was clear that the global companies were eagerly looking towards India for collaboration.

"Lifestyle diseases are raising consciousness globally about the nature and quality of food consumption". Under one roof from farm to fork, you get to meet the policymakers, stakeholders and farmers.

She said there was a need to wage war on food waste "to ensure adequate food for all" and to avoid a food crisis as the world's population was set to increase by 25 per cent and the demand for food by 50 per cent by 2050. "We launched the Pradhan Mantri Kisan Sampada Yojana to create world-class food processing infrastructure".

India is expected to attract an investment of United States $10 billion in food processing sector and generate 1 million jobs in the next 3 years.

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Organized by the Ministry of Food Processing Industries, Government of India, WFI will be the largest gathering of investors, manufacturers, producers, food processors, policy makers, and organizations from the global food ecosystem.

The funds were received by the food processing units under the scheme for Technology Upgradation, Establishment and Modernisation exercises. Our coarse grain and millets have high nutritional value.

Prime Minister was focussing upon the post-harvest management techniques, he had said that doubling farmers' income is an approach which requires post-harvest management as an important aspect and requires a serious attention to reduce wastage.

"Enough Khichdi cooked up on a fictitious "National Dish". Following this, over 800 kg of khichdi will be prepared LIVE on November 4 at the event, which will be relished by both rich and poor.

India will host over 2,000 participants and over 200 companies from 30 countries.

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