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PM Modi inaugurates India's first world food fair in New Delhi
04 November 2017, 12:31 | Marta Robbins
Food processing is top priority of Government: PM Modi
India will host over 2,000 participants and over 200 companies from 30 countries.
Altogether 6 nos. of Farmers Producers Company, namely, Ampri Orange Agro Producer Company, Brahmaputra Valley Honey Agro Producer Company, Janoki Agro Producer Company, Amlighat Banana Agro Producer Company, Merapani Agro Producer Company & Jirson Agro Producer Company, promoted by the Department of Horticulture and Food Processing, Assam participated in the World Food India, 2017. India was ranked number one in the world in 2016 in greenfield investment.
India, he said, is one of fastest growing economies in the world and implementation of the Goods and Services Tax (GST) from July 1 has eliminated multiplicity of taxes.
There are opportunities in post-harvest management, Modi said, adding that there is enormous potential for value addition in areas such as organic food. He said more investment is required in contract farming, raw material sourcing and creating agri linkages.
ITC, which inked an MoU with the Ministry of Food Processing Industries, said the planned 20 new integrated facilities will produce branded food products, including Aashirvaad atta, Sunfeast biscuits, YiPPee! noodles, Bingo! snacks, B Natural juices, and processed fruits and vegetables.
While diversified conglomerate ITC said it would invest over Rs 10,000 crore to set up 20 integrated food processing and logistics facilities, PepsiCo reiterated that it along with its partners would invest United States dollars 2 billion in the next five years. At the inaugural event, Harsimrat Kaur Badal and Minister of State for Food Processing Industries Sadhvi Niranjan Jyoti will also be joined by the Ministers of Telangana, Andhra Pradesh, Uttar Pradesh, Rajasthan and Chhattisgarh. "This is a clear opportunity for global chains", he said.
The prime minister gave credit to the farmers as being central to the country's efforts in food processing.
Meanwhile the government refuted reports of "khichdi" being declared as the national dish of India. "India is the third largest economy in terms of purchasing power and our demand for food is said to double over the next five years", Badal said.
Unilever Global President Amanda Sourry said, "The world is looking towards India". "Food processing holds solutions to nutrition security". According to unconfirmed reports, chef Sanjeev Kapoor will be attempting to create a record by cooking 800 kgs of khichdi on November 4 at the India Gate Lawns.
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He said the Narendra Modi government has failed India's economy by "sheer adhocism and inexperience". He said the country is still lagging behind in areas like building construction permits.