$10 billion in Indian food processing |
India is expected to attract an investment of $10 billion in food processing sector and generate 1 million jobs in the next 3 years, the government of india has claimed. The event organised by Food Processing Industries (FPI) ministry, aims to transform the country`s food economy and realize the vision of doubling of farmers` income by establishing India as a preferred investment destination and sourcing hub for the global food processing industry. It would also host sessions on “`One Nation, One Food Law to strengthen India`s position as a Global Food Factory and make the country `food secure`. The FPI ministry and the FSSAI, the apex Regulatory body for Food Safety in India, had launched a new tool called `the Food Regulatory Portal.` Planned as a single interface for food businesses to cater to both domestic operations and food imports, the portal is expected to be a game changer for effective and transparent implementation of the food safety laws in the country. Aiming to create an enabling environment for businesses to operate, the portal is strategically aligned with Government`s mission of `One Nation, One Food Law.World Food India 2017 will host over 2,000 participants, over 200 companies from 30 countries, 18 ministerial and business delegations, nearly 50 global CEOs along with CEOs of all leading domestic food processing companies, and representatives of 28 States.
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