Union Minister Harsimrat Kaur Badal inaugurates India Pavilion at GulFood 2020 in Dubai

Image
ANI General News
Last Updated : Feb 16 2020 | 7:40 PM IST

Union Minister for Food Processing Industries Harsimrat Kaur Badal on Sunday inaugurated the India Pavilion at 25th Edition of the GulFood 2020 in Dubai, United Arab Emirates (UAE), an official release said here.

Harsimrat Kaur Badal took a tour of the fair and interacted with the Indian exhibitors and urged them to make use of the platform of GulFood 2020 for facilitating tie-ups between foreign investors and accelerate the pace of export of food products from India to the western market, according to the release.

Badal motivated the exhibitors to increasingly focus on 'Make in India' and also provide organic solutions to further increase the country's exports.

Badal said: "India and UAE have been amongst largest trading partners for the last several years. Currently, UAE is the third-largest trading partner of India with bilateral trade reaching US Dollar 59.909 in 2018-19".

She held meetings with the companies, involved in food business in the UAE. Based on the discussions it was proposed to explore the possibility of setting up a fund for providing marketing support to launch Indian products in the UAE supermarkets.

She said: "A number of steps have been taken to improve the environment of ease of doing business under the 'Make in India' initiative of Prime Minister which focuses on making India a global manufacturing hub. The regulatory mechanism for food-related industries in India has been aligned with the international standards making the Indian exports more acceptable to the global markets. "

Badal also informed the delegates that India is a huge and promising market with 1.3 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.

She said: "While India is rich in production of food grains, fruits, vegetables, and milk but lacks in processing infrastructure whereas UAE has surplus funds and technology available to create such facilities but lacks in the availability of raw material. Thus a partnership between India and UAE can ensure Food Security for the Gulf nation in the times to come.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 16 2020 | 7:18 PM IST

Next Story