Prime Minister Narendra Modi, food processing industries minister Harsimrat Kaur Badal and minister of state Sadhvi Niranjan Jyoti with business leaders at World Food India 2017 in New Delhi. Photo: PTINew Delhi: The Indian government has received commitments from 13 global and domestic companies to invest a cumulative Rs68,000 crore in food processing over the next few years. The ministry of food processing industries signed in-principle agreements with the 13 companies at the World Food India 2017 event in New Delhi. ITC Ltd, the Kolkata-based maker of cigarettes and packaged consumer goods, said it will invest Rs10,000 crore in food processing over the next five to seven years. “Food processing is a priority sector under the Make in India programme,” Prime Minister Narendra Modi said at the inauguration of World Food India 2017.

Source: Mint November 03, 2017 14:03 UTC