{"id":4901,"date":"2023-11-03T06:34:32","date_gmt":"2023-11-03T06:34:32","guid":{"rendered":"https:\/\/jammubulletin.com\/site\/?p=4901"},"modified":"2023-11-03T06:34:41","modified_gmt":"2023-11-03T06:34:41","slug":"rs-50000-cr-fdi-in-food-processing-sector-in-last-9-yrs-modi","status":"publish","type":"post","link":"https:\/\/jammubulletin.com\/site\/rs-50000-cr-fdi-in-food-processing-sector-in-last-9-yrs-modi\/","title":{"rendered":"Rs 50,000 cr FDI in food processing sector in last 9 yrs: Modi"},"content":{"rendered":"

NEW DELHI: On\u00a0<\/span><\/span>Friday,\u00a0<\/span>Prime\u00a0<\/span>Minister\u00a0<\/span>Narendra\u00a0<\/span><\/a>Modi<\/a>\u00a0<\/span><\/span>announced\u00a0<\/span><\/span>that\u00a0<\/span>over\u00a0<\/span><\/span>the\u00a0<\/span>previous\u00a0<\/span>nine\u00a0<\/span>years,\u00a0<\/span><\/span>foreign\u00a0<\/span>direct\u00a0<\/span>investment\u00a0<\/span>(FDI)\u00a0<\/span><\/span>up\u00a0<\/span>to\u00a0<\/span>Rs\u00a0<\/span>50,000\u00a0<\/span><\/span>crore\u00a0<\/span><\/span>has\u00a0<\/span>been\u00a0<\/span><\/span>drawn\u00a0<\/span><\/span>to\u00a0<\/span><\/span>India’s\u00a0<\/span><\/span>food\u00a0<\/span>processing\u00a0<\/span><\/span>industry,\u00a0<\/span><\/span>which\u00a0<\/span><\/span>has\u00a0<\/span>become\u00a0<\/span><\/span>a\u00a0<\/span><\/span>“sunrise”\u00a0<\/span><\/span>industry.<\/span><\/span><\/span> <\/span><\/span><\/span>At\u00a0<\/span><\/span>Bharat<\/a>\u00a0<\/span><\/span>Mandapam\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>nation’s\u00a0<\/span>capital,\u00a0<\/span><\/span>Modi\u00a0<\/span><\/span>was\u00a0<\/span>giving\u00a0<\/span><\/span>a\u00a0<\/span>speech\u00a0<\/span><\/span>at\u00a0<\/span><\/span>the\u00a0<\/span>second\u00a0<\/span><\/span>World\u00a0<\/span><\/span>Food\u00a0<\/span><\/span>India\u00a0<\/span><\/span>event.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>final\u00a0<\/span>day\u00a0<\/span><\/span>of\u00a0<\/span>the\u00a0<\/span><\/span>three-day\u00a0<\/span><\/span>event\u00a0<\/span><\/span>is\u00a0<\/span><\/span>November\u00a0<\/span>5.<\/span><\/span><\/span> <\/span><\/span><\/span>“The\u00a0<\/span><\/span>food\u00a0<\/span>processing\u00a0<\/span>industry\u00a0<\/span><\/span>has\u00a0<\/span>received\u00a0<\/span><\/span>FDI\u00a0<\/span><\/span>of\u00a0<\/span><\/span>Rs\u00a0<\/span>50,000\u00a0<\/span>crore\u00a0<\/span><\/span>over\u00a0<\/span><\/span>the\u00a0<\/span>past\u00a0<\/span><\/span>nine\u00a0<\/span>years.<\/span><\/span><\/span> <\/span><\/span><\/span>It\u00a0<\/span>is\u00a0<\/span><\/span>the\u00a0<\/span>outcome\u00a0<\/span><\/span>of\u00a0<\/span>the\u00a0<\/span><\/span>government’s\u00a0<\/span><\/span>pro-farmer\u00a0<\/span><\/span>and\u00a0<\/span><\/span>pro-industry\u00a0<\/span><\/span>policies,\u00a0<\/span><\/span>according\u00a0<\/span>to\u00a0<\/span><\/span>Modi<\/a>.<\/span><\/span><\/span> <\/span><\/span><\/span>According\u00a0<\/span>to\u00a0<\/span><\/span>him,\u00a0<\/span><\/span>the\u00a0<\/span>capacity\u00a0<\/span><\/span>for\u00a0<\/span>processing\u00a0<\/span><\/span>food\u00a0<\/span><\/span>at\u00a0<\/span>home\u00a0<\/span><\/span>has\u00a0<\/span>grown\u00a0<\/span><\/span>dramatically\u00a0<\/span><\/span>over\u00a0<\/span><\/span>the\u00a0<\/span>past\u00a0<\/span><\/span>nine\u00a0<\/span>years,\u00a0<\/span><\/span>and\u00a0<\/span><\/span>exports\u00a0<\/span><\/span>of\u00a0<\/span><\/span>processed\u00a0<\/span>food\u00a0<\/span><\/span>have\u00a0<\/span>climbed\u00a0<\/span><\/span>by\u00a0<\/span><\/span>150%.<\/span><\/span><\/span><\/span><\/span><\/span>The\u00a0<\/span>prime\u00a0<\/span>minister\u00a0<\/span><\/span>launched\u00a0<\/span><\/span>a\u00a0<\/span><\/span>“food\u00a0<\/span><\/span>street”\u00a0<\/span><\/span>as\u00a0<\/span><\/span>part\u00a0<\/span>of\u00a0<\/span><\/span>“World\u00a0<\/span><\/span>Food\u00a0<\/span><\/span>India\u00a0<\/span><\/span>2023″\u00a0<\/span><\/span>and\u00a0<\/span>gave\u00a0<\/span><\/span>seed\u00a0<\/span><\/span>cash\u00a0<\/span><\/span>support\u00a0<\/span>to\u00a0<\/span><\/span>more\u00a0<\/span>than\u00a0<\/span><\/span>a\u00a0<\/span>lakh\u00a0<\/span><\/span>Self\u00a0<\/span>Help\u00a0<\/span>Groups\u00a0<\/span><\/span>(SHGs).<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>celebration\u00a0<\/span><\/span>of\u00a0<\/span><\/span>2023\u00a0<\/span><\/span>as\u00a0<\/span><\/span>the\u00a0<\/span>International\u00a0<\/span>Year\u00a0<\/span><\/a><\/span>of\u00a0<\/span><\/span>Millets\u00a0<\/span><\/span>intends\u00a0<\/span><\/span>to\u00a0<\/span>highlight\u00a0<\/span><\/span>India\u00a0<\/span><\/span>as\u00a0<\/span><\/span>the\u00a0<\/span>world’s\u00a0<\/span><\/span>food\u00a0<\/span><\/span>basket.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>international\u00a0<\/span><\/span>event\u00a0<\/span><\/span>was\u00a0<\/span>not\u00a0<\/span><\/span>able\u00a0<\/span><\/span>to\u00a0<\/span>be\u00a0<\/span><\/span>organised\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>following\u00a0<\/span>years\u00a0<\/span><\/span>because\u00a0<\/span>of\u00a0<\/span><\/span>the\u00a0<\/span>COVID-19\u00a0<\/span>epidemic,\u00a0<\/span><\/span>which\u00a0<\/span><\/span>took\u00a0<\/span>place\u00a0<\/span><\/span>during\u00a0<\/span><\/span>the\u00a0<\/span>first\u00a0<\/span>edition\u00a0<\/span><\/span>in\u00a0<\/span><\/span>2017.<\/span><\/span><\/span> <\/span><\/span><\/span>“Seed\u00a0<\/span><\/span>Capital\u00a0<\/span><\/span>Assistance”\u00a0<\/span><\/span>will\u00a0<\/span>assist\u00a0<\/span><\/span>SHGs\u00a0<\/span><\/span>in\u00a0<\/span>increasing\u00a0<\/span><\/span>their\u00a0<\/span><\/span>marketable\u00a0<\/span><\/span>prices\u00a0<\/span><\/span>through\u00a0<\/span><\/span>higher-quality\u00a0<\/span><\/span>manufacturing\u00a0<\/span><\/span>and\u00a0<\/span><\/span>better\u00a0<\/span>packaging.<\/span><\/span><\/span> <\/span><\/span><\/span>Union\u00a0<\/span>Minister\u00a0<\/span><\/span>of\u00a0<\/span><\/span>Food\u00a0<\/span>Processing\u00a0<\/span>Industries\u00a0<\/span><\/span>Pashupati\u00a0<\/span><\/span>Kumar\u00a0<\/span><\/span>Paras\u00a0<\/span><\/span>encouraged\u00a0<\/span><\/span>international\u00a0<\/span>businesses\u00a0<\/span><\/span>to\u00a0<\/span>make\u00a0<\/span><\/span>investments\u00a0<\/span><\/span>in\u00a0<\/span>India\u00a0<\/span><\/span>in\u00a0<\/span><\/span>this\u00a0<\/span>field\u00a0<\/span><\/span>during\u00a0<\/span><\/span>his\u00a0<\/span>speech.<\/span><\/span><\/span><\/span><\/span><\/span>According\u00a0<\/span>to\u00a0<\/span><\/span>Union\u00a0<\/span><\/span>Commerce\u00a0<\/span><\/span>Minister\u00a0<\/span><\/span>Piyush\u00a0<\/span>Goyal,\u00a0<\/span><\/span>the\u00a0<\/span>Modi\u00a0<\/span>administration\u00a0<\/span><\/span>has\u00a0<\/span>strengthened\u00a0<\/span><\/span>the\u00a0<\/span>nation’s\u00a0<\/span><\/span>food\u00a0<\/span>processing\u00a0<\/span><\/span>industry\u00a0<\/span><\/span>and\u00a0<\/span><\/span>guaranteed\u00a0<\/span><\/span>the\u00a0<\/span>nation’s\u00a0<\/span>food\u00a0<\/span>security.<\/span><\/span><\/span> <\/span><\/span><\/span>He\u00a0<\/span><\/span>outlined\u00a0<\/span><\/span>the\u00a0<\/span>development\u00a0<\/span><\/span>initiatives\u00a0<\/span><\/span>carried\u00a0<\/span>out\u00a0<\/span><\/span>by\u00a0<\/span><\/span>the\u00a0<\/span>national\u00a0<\/span>government\u00a0<\/span><\/span>over\u00a0<\/span><\/span>the\u00a0<\/span>last\u00a0<\/span><\/span>nine\u00a0<\/span>years.<\/span><\/span><\/span> <\/span><\/span><\/span>Around\u00a0<\/span><\/span>200\u00a0<\/span><\/span>cooks\u00a0<\/span><\/span>will\u00a0<\/span>participate\u00a0<\/span><\/span>in\u00a0<\/span>the\u00a0<\/span><\/span>“Food\u00a0<\/span><\/span>Street,”\u00a0<\/span><\/span>which\u00a0<\/span><\/span>showcases\u00a0<\/span><\/span>regional\u00a0<\/span>cuisines\u00a0<\/span><\/span>and\u00a0<\/span><\/span>royal\u00a0<\/span><\/span>culinary\u00a0<\/span><\/span>legacy,\u00a0<\/span><\/span>and\u00a0<\/span><\/span>will\u00a0<\/span>include\u00a0<\/span><\/span>traditional\u00a0<\/span><\/span>Indian\u00a0<\/span>cuisine.<\/span><\/span><\/span> <\/span><\/span><\/span>Government\u00a0<\/span>agencies,\u00a0<\/span><\/span>business\u00a0<\/span>leaders,\u00a0<\/span><\/span>farmers,\u00a0<\/span><\/span>entrepreneurs,\u00a0<\/span><\/span>and\u00a0<\/span>other\u00a0<\/span><\/span>interested\u00a0<\/span>parties\u00a0<\/span><\/span>will\u00a0<\/span>have\u00a0<\/span><\/span>a\u00a0<\/span>forum\u00a0<\/span><\/span>to\u00a0<\/span>network,\u00a0<\/span><\/span>develop\u00a0<\/span><\/span>alliances,\u00a0<\/span><\/span>and\u00a0<\/span>look\u00a0<\/span><\/span>into\u00a0<\/span><\/span>investment\u00a0<\/span>opportunities\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>agri-food\u00a0<\/span>sector\u00a0<\/span><\/span>through\u00a0<\/span><\/span>World\u00a0<\/span><\/span>Food\u00a0<\/span><\/span>India.<\/span><\/span><\/span> <\/span><\/span><\/span>CEO\u00a0<\/span><\/span>roundtables\u00a0<\/span><\/span>with\u00a0<\/span><\/span>an\u00a0<\/span>emphasis\u00a0<\/span><\/span>on\u00a0<\/span>investment\u00a0<\/span><\/span>and\u00a0<\/span><\/span>ease\u00a0<\/span>of\u00a0<\/span><\/span>doing\u00a0<\/span>business\u00a0<\/span><\/span>will\u00a0<\/span>also\u00a0<\/span>be\u00a0<\/span><\/span>held\u00a0<\/span><\/span>during\u00a0<\/span><\/span>the\u00a0<\/span>event.<\/span><\/span><\/span> <\/span><\/span><\/span>A\u00a0<\/span><\/span>number\u00a0<\/span><\/span><\/span>of\u00a0<\/span><\/span><\/span>pavilions\u00a0<\/span><\/span><\/span>have\u00a0<\/span><\/span>been\u00a0<\/span><\/span><\/span>erected\u00a0<\/span><\/span><\/span>to\u00a0<\/span><\/span>highlight\u00a0<\/span><\/span><\/span>the\u00a0<\/span><\/span>power\u00a0<\/span><\/span><\/span>and\u00a0<\/span><\/span><\/span>inventiveness\u00a0<\/span><\/span><\/span>of\u00a0<\/span><\/span><\/span>the\u00a0<\/span><\/span>Indian\u00a0<\/span><\/span>food\u00a0<\/span><\/span><\/span>processing\u00a0<\/span><\/span><\/span>sector.<\/span><\/span><\/span><\/p>\n

\"
Rs 50,000 cr FDI in food processing sector in last 9 yrs: Modi<\/figcaption><\/figure>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

NEW DELHI: On\u00a0Friday,\u00a0Prime\u00a0Minister\u00a0Narendra\u00a0Modi\u00a0announced\u00a0that\u00a0over\u00a0the\u00a0previous\u00a0nine\u00a0years,\u00a0foreign\u00a0direct\u00a0investment\u00a0(FDI)\u00a0up\u00a0to\u00a0Rs\u00a050,000\u00a0crore\u00a0has\u00a0been\u00a0drawn\u00a0to\u00a0India’s\u00a0food\u00a0processing\u00a0industry,\u00a0which\u00a0has\u00a0become\u00a0a\u00a0“sunrise”\u00a0industry. At\u00a0Bharat\u00a0Mandapam\u00a0in\u00a0the\u00a0nation’s\u00a0capital,\u00a0Modi\u00a0was\u00a0giving\u00a0a\u00a0speech\u00a0at\u00a0the\u00a0second\u00a0World\u00a0Food\u00a0India\u00a0event. The\u00a0final\u00a0day\u00a0of\u00a0the\u00a0three-day\u00a0event\u00a0is\u00a0November\u00a05. “The\u00a0food\u00a0processing\u00a0industry\u00a0has\u00a0received\u00a0FDI\u00a0of\u00a0Rs\u00a050,000\u00a0crore\u00a0over\u00a0the\u00a0past\u00a0nine\u00a0years. It\u00a0is\u00a0the\u00a0outcome\u00a0of\u00a0the\u00a0government’s\u00a0pro-farmer\u00a0and\u00a0pro-industry\u00a0policies,\u00a0according\u00a0to\u00a0Modi. According\u00a0to\u00a0him,\u00a0the\u00a0capacity\u00a0for\u00a0processing\u00a0food\u00a0at\u00a0home\u00a0has\u00a0grown\u00a0dramatically\u00a0over\u00a0the\u00a0past\u00a0nine\u00a0years,\u00a0and\u00a0exports\u00a0of\u00a0processed\u00a0food\u00a0have\u00a0climbed\u00a0by\u00a0150%.The\u00a0prime\u00a0minister\u00a0launched\u00a0a\u00a0“food\u00a0street”\u00a0as\u00a0part\u00a0of\u00a0“World\u00a0Food\u00a0India\u00a02023″\u00a0and\u00a0gave\u00a0seed\u00a0cash\u00a0support\u00a0to\u00a0more\u00a0than\u00a0a\u00a0lakh\u00a0Self\u00a0Help\u00a0Groups\u00a0(SHGs). The\u00a0celebration\u00a0of\u00a02023\u00a0as\u00a0the\u00a0International\u00a0Year\u00a0of\u00a0Millets\u00a0intends\u00a0to\u00a0highlight\u00a0India\u00a0as\u00a0the\u00a0world’s\u00a0food\u00a0basket. The\u00a0international\u00a0event\u00a0was\u00a0not\u00a0able\u00a0to\u00a0be\u00a0organised\u00a0in\u00a0the\u00a0following\u00a0years\u00a0because\u00a0of\u00a0the\u00a0COVID-19\u00a0epidemic,\u00a0which\u00a0took\u00a0place\u00a0during\u00a0the\u00a0first\u00a0edition\u00a0in\u00a02017. “Seed\u00a0Capital\u00a0Assistance”\u00a0will\u00a0assist\u00a0SHGs\u00a0in\u00a0increasing\u00a0their\u00a0marketable\u00a0prices\u00a0through\u00a0higher-quality\u00a0manufacturing\u00a0and\u00a0better\u00a0packaging. Union\u00a0Minister\u00a0of\u00a0Food\u00a0Processing\u00a0Industries\u00a0Pashupati\u00a0Kumar\u00a0Paras\u00a0encouraged\u00a0international\u00a0businesses\u00a0to\u00a0make\u00a0investments\u00a0in\u00a0India\u00a0in\u00a0this\u00a0field\u00a0during\u00a0his\u00a0speech.According\u00a0to\u00a0Union\u00a0Commerce\u00a0Minister\u00a0Piyush\u00a0Goyal,\u00a0the\u00a0Modi\u00a0administration\u00a0has\u00a0strengthened\u00a0the\u00a0nation’s\u00a0food\u00a0processing\u00a0industry\u00a0and\u00a0guaranteed\u00a0the\u00a0nation’s\u00a0food\u00a0security. He\u00a0outlined\u00a0the\u00a0development\u00a0initiatives\u00a0carried\u00a0out\u00a0by\u00a0the\u00a0national\u00a0government\u00a0over\u00a0the\u00a0last\u00a0nine\u00a0years. Around\u00a0200\u00a0cooks\u00a0will\u00a0participate\u00a0in\u00a0the\u00a0“Food\u00a0Street,”\u00a0which\u00a0showcases\u00a0regional\u00a0cuisines\u00a0and\u00a0royal\u00a0culinary\u00a0legacy,\u00a0and\u00a0will\u00a0include\u00a0traditional\u00a0Indian\u00a0cuisine. Government\u00a0agencies,\u00a0business\u00a0leaders,\u00a0farmers,\u00a0entrepreneurs,\u00a0and\u00a0other\u00a0interested\u00a0parties\u00a0will\u00a0have\u00a0a\u00a0forum\u00a0to\u00a0network,\u00a0develop\u00a0alliances,\u00a0and\u00a0look\u00a0into\u00a0investment\u00a0opportunities\u00a0in\u00a0the\u00a0agri-food\u00a0sector\u00a0through\u00a0World\u00a0Food\u00a0India. CEO\u00a0roundtables\u00a0with\u00a0an\u00a0emphasis\u00a0on\u00a0investment\u00a0and\u00a0ease\u00a0of\u00a0doing\u00a0business\u00a0will\u00a0also\u00a0be\u00a0held\u00a0during\u00a0the\u00a0event. A\u00a0number\u00a0of\u00a0pavilions\u00a0have\u00a0been\u00a0erected\u00a0to\u00a0highlight\u00a0the\u00a0power\u00a0and\u00a0inventiveness\u00a0of\u00a0the\u00a0Indian\u00a0food\u00a0processing\u00a0sector.  <\/p>\n","protected":false},"author":2,"featured_media":4902,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6,67,89,54],"tags":[],"class_list":["post-4901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-header","category-national","category-political"],"gutentor_comment":0,"yoast_head":"\nRs 50,000 Cr FDI in food processing sector in last 9 yrs: Modi<\/title>\n<meta name=\"description\" content=\"Prime\u00a0Minister\u00a0Narendra\u00a0Modi\u00a0announced\u00a0that\u00a0over\u00a0the\u00a0previous\u00a0nine\u00a0years,\u00a0foreign\u00a0direct\u00a0investment\u00a0(FDI)\u00a0up\u00a0to\u00a0Rs\u00a050,000\u00a0crore\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jammubulletin.com\/site\/rs-50000-cr-fdi-in-food-processing-sector-in-last-9-yrs-modi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rs 50,000 Cr FDI in food processing sector in last 9 yrs: Modi\" \/>\n<meta property=\"og:description\" content=\"Prime\u00a0Minister\u00a0Narendra\u00a0Modi\u00a0announced\u00a0that\u00a0over\u00a0the\u00a0previous\u00a0nine\u00a0years,\u00a0foreign\u00a0direct\u00a0investment\u00a0(FDI)\u00a0up\u00a0to\u00a0Rs\u00a050,000\u00a0crore\" \/>\n<meta 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