Badal said the upswing of violence at the international border will not affect talks on the Kartarpur corridor in Punjab
Of the total, more than 40 per cent of the investment has been committed by domestic players like ITC
Around 10 major Japanese food processing companies have shown interest in either investing in India or sourcing raw materials from here through contract farming or otherwise. The names include Ise Foods, Marubeni Corporation, Kagome and House Foods Groups. There is also interest for establishing mega egg processing units and importing high-quality machines for mechanised deboning of chicken.Officials said the assurance to either invest in India or expand the sourcing came during a meeting between the companies and the Indian government, represented by food processing minister Harsimrat Kaur Badal, in Tokyo on Thursday. "As compared to Western countries which are more interested in packaging and retailing of food products in India, I found the Japanese were keen on setting up a manufacturing base in India, from where they could meet their own demand and also re-export," she told this newspaper over the telephone. After passage of the law on a national goods and services tax here, ...
Here is a look at how the market is shaping up
Industry is pegged close to $ 121-130 billion, according to Assocham-Grant Thorton study
Meeting assumes significance as the government is considering certain relaxations in the FDI policy for the food processing sector
Government recently allowed 100 per cent FDI in multi-brand retail for food products produced and processed in India
Food processing sector has attracted $5,285.66 million FDI during April 2012 to December 2015
The association was responding to the recent report of Centre for Science and Environment (CSE) which claimed to have found harmful chemicals in breads in the country
Agri minister says national e-mandi to reduce post harvest loss, raise farmers' income
Commerce Minister says FDI in food processing will help farmers get good prices of their produce
Also, companies are expected to step up their research and development effort to accommodate local produce in their products