WFI event successful in attracting investment intent worth 13.56 billion: MoS Sadhvi Niranjan

New Delhi, Dec 30 (KNN) Highlighting the success of the sector in the year 2017, the food processing Ministry informed that the World Food India 2017 event was able to attract fair investments towards the sector.

Minister of State for Food Processing Industries, Sadhvi Niranjan Jyoti in a written reply to a question in the Rajya Sabha informed that the event grabbed investment intent of over USD 13.56 billion from domestic and foreign investors.

The Minister further said that this is likely to have multiple ripple effect as the sector witnessed great interest from investors across the globe during the course of the event.

Hinting towards the roadmap ahead, the Minister said that these investment intents will help the sector grow along the lines of setting up of food processing infrastructure, value chain, manufacturing facilities, etc. will, inter-alia, act as a catalyst to boost agri income and employment in the Food Processing sector.

Earlier during the inaugural session of the event, Food Processing Industries Minister Harsimrat Kaur Badal informed that in the recent times India has become beacon of hope in this era of global complexities and has emerged as most liberal Foreign Direct Investment Destination.

Citing data, Badal informed The FDI has increased to 60 per cent in the past three years. (With PIB inputs) (KNN/DA)