World Food India receives $11.25 B investment commitment

world-food-india-receives-11-25-b-investment-commitment

World Food India event ended with an investment commitment of worth $19 billion including $11.25 billion from private sector in 50 MoUs signed.

 

During the mega food fair, delegates from across the states and over 60 countries held meetings over opportunities and expansion of food processing sector, which many of them called productive.

 

Food Processing Industries Minister Harsimrat Kaur Badal stated that the investment included commitment worth $11.25 billion by the private sector, $2.5 billion by states and initiatives undertaken by the Central government.

 

The conference witnessed participation of 10,000 participants and over 8,000 business to business (B2B) and business to government (B2G) meetings were held. Through their stalls, many states showcased their products, schemes and projects they have undertaken in order to attract investment.

 

Y.S. Prasad, CEO of the state Industry Departments’ Food Processing Society, pointed out that the government had planned 12 food parks in addition to the Central government’s plan of 42 such parks across the country. 

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