PM Narendra Modi on Friday inaugurated the three-day long World Food India event, aimed to attract $10 billion investment in India. On the occasion, Modi cited the importance of farmers in food processing industry and potential market for food manufacturers in India. “Our farmers, whom we respectfully call as ‘annadatas’ are central to our efforts in food processing.” PM Modi said at World Food India event.
“Over a million passengers consume food on trains in India in a single day, they are potential customers for food processing industry,” Modi said. Simple, home-based techniques, like fermentation, have resulted in creation of our famous pickles, papads, chutneys and murabbas that excite both the elite and the masses across the world,” PM Modi said. He further said India has jumped 30 ranks this year in World Bank’s ease of doing business rankings. India is one of the fastest growing economies in the world. GST has eliminated multiplicity of taxes, Modi added.
Modi also said that it is now easier to do business in India than ever before after the country leaped 30 places to break into top 100 nations worldwide. Modi invited global companies to come and invest in the food process industry in India, saying it offers immense opportunity. He made a point that more investment is required in contract farming, raw material sourcing and creating agricultural linkages.
There are opportunities in post-harvest management, Modi said, adding that there is immense potential for value addition in areas such as organic food.
The prime minister also spoke of the government targeting doubling of farmers’ income in five years. India can provide solution and offer win-win partnership combination of traditional Indian food and modern technology, the prime minister stressed.
To be updated