The food processing sector will attract investments worth at least USD 10 billion in the coming two to three years, riding on reforms initiated by the government, Union minister Harsimrat Kaur Badal said in New Delhi on October 5. She was speaking on the sidelines of the India Economic Summit organised by the World Economic Forum in partnership with CII. The minister said foreign direct investment (FDI) in the country’s food processing sector has risen by 40 per cent since last year. Talking about the upcoming World Food India conference, the Food Processing Minister said: “After World Food India we are suddenly going to see in the next few years this (FDI) move into
much bigger figures because the government has been focusing on creating that infrastructure over the last three years, we have created an environment, brought out policies and programmes”. She said the platform is ready for joint ventures to take place as India has raw material base as well as consumption and marketing base to offer to companies that are looking for new markets.

(Source: PTI, October 05, 2017)