MUMBAI, Sept 22: The Central Government is looking to double food processing levels to 20 per cent by the end of its five-year term, Union Food Processing Minister Harsimrat Kaur Badal said today.
“Once five years of this government are up, the food processing levels which are at 10 per cent should at least have reached 20 per cent,” Badal told reporters at the sidelines of a conference here.
“Having said that FDI (foreign direct investment) in multi-brand food retail has recently been cleared, fine tuning has been done, now we have to advertise this policy,” she added.
Kaur also recently visited top retailers in the food business to invite and promote India as a destination for business.
“In my recent trip to the UK all top retailers in the food business including Sainsbury, Tesco, Harrods, Marks & Spencers, whoever was into food, evinced huge interest,” she said.
She, however, said that it was early days, and the ministry will target more countries, and retailers to invite them to conduct business here.
“It is premature to speak of MoUs, but all big retailers are looking at India positively, and are keen to get into India with joint ventures. They are also keen to source from India. I will go to all countries and push aggressively,” she said.
The Ministry is also planning to conduct a World Food festival in March next year, to showcase the entire farm-to-fork process, and invite global players to participate.
Pointing out that food processing is growing faster than our gross domestic product for the past few years, she said that tying up the retail side will help push the “much needed” infrastructure development. (PTI)
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