The Prime Minister, Narendra Modi at the inauguration ceremony of the World Food India 2017, in New Delhi on November 03, 2017.
The Prime Minister, Narendra Modi at the inauguration ceremony of the World Food India 2017, in New Delhi on November 03, 2017.

PM Modi cites health-advantage, ease of doing business to make India hub for global food processing biz @ World Food India 2017

Like International Yoga Day- Modi wants world to gain health from food made in India

Prime Minister of India, Narendra Modi has more to offer to world to discover holistic health and well being. Modi has gifted to the international community the traditional Indian secret of wellness in form of- The International Yoga Day; Prime Minister of India now has another pertinent offering that has a benign effect on heath i.e, food made in India for the world.

The Prime Minister, Narendra Modi releasing the Coffee Table Book at the inauguration ceremony of the World Food India 2017, in New Delhi on November 03, 2017.

PM Narendra Modi releasing Coffee Table Book at the inauguration ceremony of the World Food India 2017, in New Delhi on November 03, 2017.

“Lifestyle disease is raising consciousness globally, about the nature and quality of food consumption. There is a growing aversion to the use of artificial colours, chemicals and preservatives. India can provide solutions, and offer a win-win partnershipThe combination of traditional Indian food, with modern technology, processing and packaging, can help the world rediscover the health benefits, and refreshing taste of Indian food ingredients such as turmeric, ginger, and tulsi, to name just a few. The perfect blend of hygienic, nutritious and tasty processed food, with the added benefits of preventive healthcare, can be produced economically, here in India,” stated Modi, while inaugurating the World Food India 2017 and welcoming august gathering of global leaders and decision makers of the food processing sector.

The Food Safety and Standards Authority of India has been engaged in ensuring that processed food made in India, matches global quality standards, said Modi. “The harmonisation of the food additives standards with Codex, and the building of robust testing and laboratory infrastructure, will go a long way in creating an enabling environment for food businesses. World Food India 2017 will provide a glimpse of the opportunities that await global food processing industry, in India. It will showcase our potential in the food processing value chain. It will provide a platform to connect with various stakeholders, and collaborate for mutual prosperity. And, it will present to you, some of our most delightful cuisine, which has stimulated taste buds across the world,” he added.

Ease of Doing Business in India: Advantages@ Food Processing Industry

Prime Minister invites World leaders in Global Food processing Industry to invest and make in India @ World Food India 2017, in New Delhi on November 03, 2017.

Prime Minister invites World leaders in Global Food processing Industry to invest and make in India @ World Food India 2017, in New Delhi on November 03, 2017.

Highlighting the transformative big picture, Modi claimed that India is today one of the fastest growing economies of the world. The Goods and Services Tax, or GST, has eliminated the multiplicity of taxes. India has jumped thirty ranks this year, in the World Bank Doing Business rankings. This is the highest ever improvement for India, and the highest jump for any country this year. From a rank of 142 in 2014, we have now reached the top 100, he said.

“India was ranked number one in the world in 2016 in greenfield investment. India is also rapidly progressing on the Global Innovation Index, Global Logistics Index and Global Competitiveness Index. Starting a new business in India is now easier than ever before. Procedures for obtaining clearances from various agencies have been simplified. Archaic laws have been repealed, and the burden of compliances has been reduced,” explained Modi.

On specifically the to food processing industry, Modi highlighted that the Government has undertaken a range of transformational initiatives. “India is now the most preferred investment destination in this sector. It is a priority sector in our “Make in India” programme.  100% FDI, is now permitted, for trading, including through e-commerce, of food products manufactured or produced in India. A single-window facilitation cell provides handholding for foreign investors. There are attractive fiscal incentives from the Union and State Governments. Loans to food and agro-based processing units, and cold chains, are classified under priority sector lending, making them easier and cheaper to obtain,” added Modi.

India Agriculture sector as backbone of Food Processing Industry

The Prime Minister, Narendra Modi being welcomed by the Union Minister for Food Processing Industries, Harsimrat Kaur Badal and the Minister of State for Food Processing Industries, Niranjan Jyoti on his arrival, at the inauguration ceremony of the World Food India 2017, at Vigyan Bhawan, in New Delhi on November 03, 2017.

Prime Minister Modi being welcomed by Union Minister for Food Processing Industries, Harsimrat Kaur Badal and the MoS for Food Processing Industries, Niranjan Jyoti at World Food India 2017.

India’s strengths in agriculture, are many and diverse.  The second largest arable land area, and as many as 127 diverse agro-climatic zones, give India global leadership in a number of crops like bananas, mangoes, guavas, papayas, and okra, said Modi. “We are second, globally, in terms of production of rice, wheat, fish, fruits and vegetables. India is also the world’s biggest milk producer. Our horticulture sector has shown an average growth rate of 5.5 per cent annually over the last ten years. For centuries, India has welcomed traders from distant lands, who came in search of our distinctive spices. Their travels to India, often shaped the course of history. Our trade synergies with Europe and South East Asia through the Spice Route are well known. Even Christopher Columbus was attracted to Indian spices, and reached America, as he searched for an alternate sea route to India,” explained Modi.

Food processing is a way of life in India. It has been practiced for ages, even in the humblest of households. Simple, home-based techniques, such as fermentation, have resulted in the creation of our famous pickles, papads, chutneys and murabbas that now excite both the elite and the masses, across the world. on ehe unique portal – Nivesh Bandhu – or “investor’s friend” – that we have just launched, brings together information on central and state government policies, and incentives provided for the food-processing sector. It maps resources upto the local level, with processing requirements. It is also a platform for business networking, for farmers, processors, traders, and logistics operators,” added Modi.

PM’s interaction with global CEOs of the Food Processing sector @ World Food India 2017

Prime Minister, Narendra Modi with the Global CEOs of the Food Processing Sector as part of the ongoing World Food India event, in New Delhi on November 03, 2017. The Union Minister for Food Processing Industries, Harsimrat Kaur Badal and MoS Food Processing Industries, Niranjan Jyoti are also seen.

Prime Minister, Narendra Modi with the Global CEOs of the Food Processing Sector as part of the ongoing World Food India event, in New Delhi on November 03, 2017. The Union Minister for Food Processing Industries, Harsimrat Kaur Badal and MoS Food Processing Industries, Niranjan Jyoti are also seen.

The Prime Minister, Narendra Modi, also interacted with CEOs representing the top companies engaged in the food processing and related sectors across the world. The interaction was part of the ongoing World Food India event. Leading CEOs and officials from Amazon (India), Amway, Britannia Industries, Cargill Asia Pacific, Coca-Cola India, Danfoss, Future Group, GlaxoSmithKline, Ise Foods, ITC, Kikkoman, LuLu Group, McCain, Metro Cash & Carry, Mondelez International, Nestle, OSI Group, PepsiCo India, Sealed Air, Sharaf Group, Spar International, The Hain Celestial Group, The Hershey Company, Trent Ltd, and Walmart India were present at the meeting.

Various CEOs complimented the Prime Minister on the massive improvement in India’s rank in the recent World Bank Doing Business Report. Many CEOs said that they were inspired by the Prime Minister’s vision of doubling farm incomes, and the pace and progress of economic reforms over the last three years under his leadership. They especially appreciated the structural reforms and bold initiatives such as GST and the liberalization of the FDI regime.

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