Govt to hand-hold foreign investors in food processing sector

India today offered hand-holding and facilitation for foreign investors keen to invest in food processing sector.
The government has recently allowed 100 per cent FDI in trading of food items produced and manufactured here.
In a meeting with ambassadors and high commissioners of 20 countries including the US and China, Food Processing Minister Harsimrat Kaur Badal highlighted vast opportunities that have arisen in India for foreign food retailers and manufacturers.
"She (Badal) also shared that the Ministry of Food Processing Industries would be providing hand-holding and facilitation for all foreign investors who would like to invest in the food processing sector in the country," an official statement said.

She said there are opportunities in the mega food parks in India wherein foreign investors could set up units immediately and take advantage of 100 per cent FDI in trading of food products manufactured and produced here.
The Minister also addressed certain concerns raised by the representatives of 20 countries.