India pitches for investment in the food processing industry | Asks US companies to take advantage of excellent infrastructure and liberalized foreign investment rules

Food Processing Industry

A team of Indian officials led by Jagdish Prasad Meena, Special Secretary in the Ministry of Food Processing Industries began their two-day trip to Midwest from Chicago while holding meetings with high-level officials from several Chicagoland food services, logistics and restaurant companies.

As the meeting went on, Meena asked them to take advantage of India’s liberalized foreign investment rules, readymade infrastructure and brilliant business climate, the Indian Consulate in Chicago said in a statement.

According to the media reports, during his trip to Chicago, Meena will meet with Potbelly, headquartered in downtown Chicago, and Mondelez,which has a bakery in the Chicago Lawn neighborhood.

Further, meetings have also been scheduled with Sensient, Griffith Foods, and Ingredion among others. The Indian government has significantly liberalized FDI regulations, apart from allowing 100 per cent FDI in manufacturing of food products and 100 per cent FDI in trading including e-commerce in food products manufactured and produced in India.

India has undertaken several national and state-level programmes to improve the nation’s standing in the World Bank’s annual Ease of Doing Business Index, the Consulate said.

From November 3 to 5, New Delhi will host the World Food India 2017, a first-of-its-kind mega-scale event showcasing the large agricultural or horticultural produce base of India and its huge young population, providing a ready market and immense investment opportunities for the entire food processing and food retail sector.

Leading US companies have been invited to learn about India’s proactive policies and profitable opportunities available across the entire food processing and food retail value chain.

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