Govt to organise global food fair in Nov to boost food sector

The government will organise a global food fair in November this year to provide a platform to Indian farmers and manufacturers to showcase their products and explore partnerships with foreign companies, Food Processing Minister Harsimrat Kaur Badal said today.
The three-day 'World Food India 2017' is being organised on November 3-5 by the Food Processing Ministry, where industry body CII will be an event partner.
"World Food India is an international level fair which we are organising in November this year. The event will have participation from those who are involved in food sector from farm to fork," Badal told reporters here after the first meet of advisory committee and steering committee of the event.

The minister said it is for the first time that such platform is being provided where farmers to manufacturers to retailers will showcase their products and innovations, and explore business opportunities with foreign companies.
"Foreign food companies would also explore how and with whom they want to partner in India," she added.
Badal said this event will provide a big boost to food processing sector as well as farmers income.

She said many small, big and multinational companies from the world over will take part in this event.
The event will focus on showcasing achievements and opportunities of the Indian food processing sector and fostering maximum investment commitments.

The World Food India is a step aimed at creating India a 'Global Food Factory' and 'Global Food Retail Market', she said.
The food processing sector received USD 5.76 billion in FDI equity inflows from 2010-11 to 2015-16. In 2016-17 (April-December), the food processing sector in the country has received USD 663.23 million worth of FDI.
The government had last year allowed 100 per cent FDI for marketing, including through e-commerce, of food products manufactured and produced in India.