Japanese firm Ise Foods to invest Rs 217Cr in India

Japan’s largest egg producer, Ise Foods, has signed a memorandum of agreement (MoU) with the Indian government with an investment commitment of Rs 217 crore. This is the first ever MoU signed by a Japanese food company with the Ministry of Food Processing.

 

The company intends to extend cooperation in ensuring pesticide residue free egg production. As per the MoU, Ise Foods will also provide support and reducing agricultural loss through use of modern Silos for storage of grains among others.

 

According to the food processing ministry, there is lot of opportunity in India for Japanese companies to invest in food processing sector. Accessibility of Japanese food in India can be increased with more awareness, availability and at affordable price.