MoUs worth ₹68000 crore inked on day one at World Food India

04 November, 2017, 00:30 | Author: Brian Mcdaniel
  • PM Modi to inaugurate 'World Food India' fair today

Hailing the farmers, Prime Minister Narendra Modi on Friday called them central to the government's efforts in the field of food processing.

The food event will host over 2,000 participants and 200 companies from around 30 countries.

The Minister, who held meetings with representatives of several companies in New Delhi at the Wold Food India Conference, said an agreement to set up the zone has been finalised.

Representatives from 28 states, 18 ministerial and business delegations, almost 50 global CEOs along with CEOs of all leading domestic food processing companies will also participate at the event.

The information and broadcasting minister said the World Food India, 2017, will enhance business opportunities for women entrepreneurs, among others, and establish India as a preferred destination in food processing sector. India was ranked number one in the world in 2016 in greenfield investment.

PM Modi also pitched India as one of the fastest growing economies in the world and said the Goods and Services Tax (GST) had "eliminated a multiplicity of taxes".

He further said that the private sector participation has gone up in many segments of value chain, but more investment is required in contract farming, raw material sourcing and creating agri linkages.

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There are opportunities in post-harvest management, Modi said, adding that there is vast potential for value addition in areas such as organic food.

The Prime Minister said food processing is a way of life in India and it has been practiced for ages.

"Food Ministry plays a key role in helping realise PM's vision to double farmers' income by 2022. There is also enormous potential for food processing and value addition in areas such as organic and fortified foods", he added. The event is also being used by the government to promote Khichdi as "Brand India food".

He said the government was planning to link agro-processing clusters with production centres through Mega Food Parks, which "will offer vast value proposition in crops such as potato, pineapple, oranges and apples".

"There is vast potential for food processing and value addition, especially in niche areas such as organic and fortified foods".

Unilever Global President Amanda Sourry said, "The world is looking towards India". According to unconfirmed reports, chef Sanjeev Kapoor will be attempting to create a record by cooking 800 kgs of khichdi on November 4 at the India Gate Lawns.

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