Prime Minister Narendra Modi inaugurates World Food India 2017

Food Processing Minister Harsimarat Kaur Badal said the government has earmarked Rs 6,000 crore over the next three years to create infrastructure in the sector that will attract investments. PTI file

Food Processing Minister Harsimarat Kaur Badal said the government has earmarked Rs 6,000 crore over the next three years to create infrastructure in the sector that will attract investments. PTI file

Prime Minister Narendra Modi, who inaugurated the World Food India 2017 event in New Delhi, gave emphasis to the food processing industry in his speech. 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.

"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", said PM Modi.

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Representatives from 28 states, 18 ministerial and business delegations, almost 50 global CEOs along with CEOs of all leading domestic food processing companies will also participate at the event.

It has only been put for a record entry in World Food India, and will proudly showcase India's culinary diversity. The event, a first of its kind in India, is aimed at attracting an investment of United States dollars 10 billion in the food processing sector and generating a million jobs in the next three years.

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Prime Minister Narendra Modi graced the event at Vigyan Bhawan, New Delhi as Chief Guest, where representative from various countries like Germany, Japan, Denmark, Italy, Netherlands etc participated in the mega event. He said that India is one of the fastest growing economies of the world.

He said private sector participation had increased in many segments of the value chain but sought more investment in contract farming, raw material sourcing and creating agri linkages. "Being six largest food and grocery market in the world, India is a destination that merits global attention in the food sector". "This is a clear opportunity for global chains". "These investments will help us realise the goal of doubling farmers' income as well as generating massive employment in the food processing sector". He also released a commemorative postage stamp on Indian food.

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Speaking at the inauguration of event, Nestle Chairman of Board of Director Paul Bulcke said top priority should be given to investment in building agriculture capacity amid challenges of scarce natural resources, rising population and growing food demand. PM was giving them all sorts of economic and social USP's to why to opt for food processing as the preferred investment area. This is the first time that India is hosting such an event for the food processing sector , As Reported By TOI.

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