Pitching India’s food processing industry on the global stage, the Food Processing Minister Harsimrat Kaur Badal on Sunday exhorted foreign investors to take advantage of India’s supportive policy environment and invest in mega food parks, cold chains and various other food processing value chains.
“India is a huge and promising market with 1.2 billion population, increasing purchasing power, adequate availability of raw materials, availability of young and skilled manpower and a number of fiscal incentives that are being offered by the Indian government for encouraging investments in this sector,” Badal said, after inaugurating the India Pavilion at GulFood 2016 in Dubai.
The Indian Food Minister also highlighted Prime Minister Narendra Modi’s continuous efforts to improve ease of doing business in the country, which is aimed at giving foreign and domestic investors’ a conducive environment to set up their business in the huge Indian market.
Badal underscored that the Indian food regulatory mechanism is undergoing a paradigm change as it is moving from license regime to registration regime, thereby ensuring ease of doing business in the country.
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