World Food India event expected to fetch $10 bn investment : Minister

World Food India event expected to fetch $10 bn investment : Minister
November 01
20:14 2017

New Delhi, Nov 1 (IANS) The World Food India event beginning this week is expected to fetch foreign investment of $10 billion and would help in the government’s mission of doubling farmers’ incomes by 2022, Union Minister for Food Processing Industries Harsimrat Kaur Badal said here on Wednesday.

“We are looking at the world collaborating with us. After the event, we expect investment of $10 billion. It will create over 10 lakh jobs. I say use foreign money for benefit of our country,” Badal said while briefing media about the November 3-5 global event.

“The government has taken several measures for welfare of farmers. However, in order to make the efforts to double farmers’ income, we need foreign investment.”

Citing the rise in Foreign Direct Investment (FDI), Badal said it was the right time for the food processing sector to get benefitted.

The global event that is happening for the first time in the country is expected to see delegates from over 60 countries.

Food Safety and Standards Authority of India (FSSAI) CEO Pawan Agarwal said the authority was going to launch a ‘Food Regulatory Portal’ on Thursday, which would be a game changer for effective and transparent implementation of the food safety laws in the country.

Around 50 global CEOs are expected to attend the World Food India 2017 meet here from November 3-5.

The conference, being hosted by the Ministry of Food Processing in collaboration with Confederation of Indian Industry (CII), will also see the participation of over 200 international companies.

Related Articles


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

Your email address will not be published.
Required fields are marked *


Diplomacyindia.com Editor V N Jha participating in Panel Discussion on Lok Sabha Television

Diplomacyindia.com Exclusive Video : Glimpses from the Argentine National Day

Diplomacyindia.com Exclusive Interview with Ambassador of Slovenia to India, H.E. Mr. Jozef Drofenik speaking on Bilateral Relations and Trade between India and Slovenia

Diplomacyindia.com Exclusive Interview with Ambassador of Slovenia to India, H. E. Mr. Jozef Drofenik speaking on Tourism in Slovenia

Pictures of Formal Launch of Website Diplomacyindia.com

Exclusive Interview with Prime Minister of Guyana, H.E. Mr. Moses Veerasammy Nagamootoo during his recent visit to India.Highlights of the interview were Indian Cultural Connect, Vibrant Bilateral Ties and Cultural Connect and India’s Economic Prowess.

Video Message from Shri Prakash Javadekar, MoS (IC) for Forest, Environment & Climate Change on eve of Formal Launch of Website Diplomacyindia.com

Message from Gen. V K Singh, (Retd.) Hon’ble MoS, External Affairs to Diplomacyindia.com

Facebook Auto Publish Powered By : XYZScripts.com