On June 22, 2020, The Union Minister of Food Processing Industries (FPI) Harsimrat Kaur Badal has launched the Food Processing Edition of the Exclusive Investment Forum (Webinar) hosted by Invest India.
- The Forum, aims to conduct detailed interaction between leading global companies in the food processing sector and policy makers of the central and 6 State Governments (Andhra Pradesh, Assam, Madhya Pradesh, Punjab, Telangana, Uttar Pradesh).
Discussion at the Forum:
A total of 180 companies from 18 countries participated in the forum, which saw the discussion over the critical aspects for investment decisions ranging from policy incentives, industrial zones, infrastructure capabilities and special investor facilitation services were discussed at the forum so as to make India the next Global Investments hub.
Badal at the Forum:
– As per Badal, there is a need to make the western world aware of the superfoods of India. In addition, there is a lot of opportunity in the ready to eat segment, in which global retailers may consider having Indian food in their stores.
– Government also decided to form Empowered Group of Secretaries (EGoS)’ and ‘Project Development Cell’ (PDC) in Ministries / Departments to boost the domestic as well as foreign investments in food processing sector.
-As companies are moving away from countries they were importing food products from different countries, we should promote ‘go vocal for local’ thought of PM Modi and use our domestic food products.
About Ministry of Food Processing Industries (MoFPI):
Headquarters– New Delhi
Minister of State (MoS)- Rameswar Teli