Team Blitz India
NEW DELHI: PM Modi said India’s food processing sector has emerged as a ‘sunrise’ industry and has attracted Rs 50,000 crore in foreign direct investment (FDI) in the past nine years.
Modi was addressing the second edition of World Food India at Bharat Mandapam in the national Capital. The three-day event will conclude on November 5.
“In the last nine years, FDI worth Rs 50,000 crore has come into the food processing sector. It is a result of the government’s pro-industry and pro-farmer policies,” Modi said.
He said export of processed food has increased 150% in the last nine years and the domestic processing capacity has increased significantly.
The PM disbursed seed capital assistance to over one lakh Self Help Groups (SHGs) and inaugurated a ‘food street’ as part of ‘World Food India 2023’.
