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Sep, 17 2018

Minister says India’s food processing attracts heavy investment

The Minister stated that in recent years India and the US have strengthened their relations.

Sadhvi Niranjan Jyoti, Minister of State for Food Processing, said that India’s food processing sector has captivated heavy investment and the US is playing a major role in the industry's initiatives.

She said, "India's goal of bringing food processing to global standards has brought about heavy investment, and America is playing a significant role in the industry's initiatives."

The Minister stated that in recent years India and the US have strengthened their relations. She also said that the government is working tirelessly towards the mission of 'Sabka Saath, Sabka Vikas'. 

"This spirit of inclusive growth is not only beneficial for Indian farmers whose income the government has sought to double by 2022, but also for international partners like America, and can create economic prosperity for all," Sadhvi further added. 

Nitin Puri, Yes Bank’s Senior President and Global head (Food and Agri Strategic Advisory and Research), said, "Indian government is catalysing a revolution in food processing, and this environment has created many opportunities for collaboration between India and the US. A recommended pathway for this collaboration can be an investment in entire value chains. These can mitigate food wastage losses, bring global best practices and technologies like superior cold chains to India, and sell Indian goods in global markets."

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