Easier to do business in India than ever before: Modi

PM Modi

PM Modi will inaugurate World Food India festival at Vigyan Bhawan in New Delhi

A global event to facilitate partnerships between Indian and worldwide businesses and investors, World Food India (WFI) is a gateway to the Indian food economy and an opportunity to showcase, connect, and collaborate.

The event is organised by the Food Processing Industries Ministry in Delhi. He said simple, home-based techniques, such as fermentation, have resulted in the creation of pickles, papads, chutneys and murabbas.

"All the information about production hubs, mega food parks, cold storage facilities will be geo-tagged so that the investor is aware of their exact location and plan accordingly", J P Meena, secretary, Department of Food Processing said here. It welcomes to host a congregation of global investors and business leaders of major food companies from November 3 to 5 in New Delhi.

Notably, "World Food India 2017" is a platform for showcasing the food processing strength of India and an opportunity to connect with worldwide and Indian key players in food processing and allied sectors.

In a section titled "Projects Ready for Procurement in FY 2016-17" in its "Make in India Investment Book", which had been circulated in Indian Missions overseas, the Centre had mentioned that work on the project started in 2015 with the anticipated project completion time line of 2018-19.

The making of "Khidchi" will take place in the presence of Vice President M Venkaiah Naidu and Minister of Food Processing Industries Harsimrat Kaur Badal at India Gate at 12.30 pm.

PM Modi also pitched India as one of the fastest growing economies in the world and said the Goods and Services Tax (GST) had "eliminated a multiplicity of taxes".

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. "These investments will help us realise the goal of doubling farmers' income as well as generating massive employment in the food processing sector". "This is a clear opportunity for global chains", he said.

During the event, India is hosting over 2,000 participants and 200 companies from around 30 countries. The event is also being used by the government to promote Khichdi as "Brand India food". The food processing unit will have designated units for maize, sugarcane and other crops.

"India is also rapidly progressing on the Global Innovation Index, Global Logistics Index and Global Competitiveness Index", Modi told the gathering of global businessmen at the inauguration of World Food India 2017 here.

Manchester United Starting XI Prediction at Chelsea FC
Starbucks sells Tazo tea brand to Univeler, focuses on Teavana instead