Winning Bizness Desk

Mumbai. Indian Prime Minister Narendra Modi has said that India's food processing sector has emerged as an emerging industry and in the last nine years it has attracted foreign direct investment (FDI) worth Rs 50,000 crore during this period. Addressing the second edition of 'World Food India' at the Bharat Mandapam in the national capital, Prime Minister Modi said, FDI worth Rs 50,000 crore has come in the food processing sector in the last nine years. This is the result of pro-industry and pro-farmer policies of the government. This three-day program concluded on November 5. Modi said exports of processed food have increased by 150 per cent in the last nine years and domestic processing capacity has increased significantly.

India as the ‘food basket of the world’

The Prime Minister distributed seed capital support to over one lakh Self-Help Groups (SHGs) and inaugurated a 'Food Street' under 'World Food India 2023'. The event aimed to showcase India as the ‘food basket of the world’ and celebrate 2023 as the International Year of Millets. Union Commerce Minister Piyush Goyal said that the Modi government has ensured the food security of the country and also promoted the food processing sector. He underlined the work done by the Central Government in the last nine years. Goyal said the 'Food Street' will feature regional cuisine and royal culinary heritage, in which more than 200 chefs will participate and present traditional Indian dishes.

48 sessions on food processing industry

According to the Prime Minister's Office (PMO), 'World Food India' is a networking platform for government bodies, industry professionals, farmers, entrepreneurs and other stakeholders to engage in discussions, establish partnerships and explore investment opportunities in the agri-food sector. And will provide a business platform. There will also be a CEO Roundtable with a focus on facilitating investment and trade and various pavilions will be set up to showcase the innovation and strength of the Indian food processing industry. The event hosted 48 sessions focusing on various aspects of the food processing industry, with emphasis on financial empowerment, quality assurance and innovations in machinery and technology.