Expect $28-bn FDI in food processing this year: Harsimrat Kaur Badal

Badal said the upswing of violence at the international border will not affect talks on the Kartarpur corridor in Punjab

Union Food Processing Minister Harsimrat Kaur Badal expects more than $28 billion worth of foreign direct investments (FDI) in the food processing sector in 2019.

The ministry is eyeing the next edition of its flagship investment show World Food India, set to take place in November, 2019, to reach that level.

“At the first edition of World Food India last year, we had investment proposals of more than $14 billion, of which ground has been broken for projects worth $11 billion. So, next year, we are targeting to at least double the figure, as investments,” Badal said.

Of the 11 companies that had