NEW DELHI: Some of the largest companies in India and abroad, including PepsiCo, Amazon and Britannia, have committed investments of $10.24 billion, or about Rs 68,000 crore, in the Indian processed foods space. “This is relevant, impressive and will encourage investments in India,” he said.Amanda Sourry, global president of food at Unilever , said the world is looking towards India. The fast growth likely in the food economy suggests huge potential for food processing and allied sectors. The way ahead is to rationalise taxes and levies, and ramp up infrastructure like quality power, modern logistics and reliable transport. The entire value chain needs proactive policy attention, so as to step up oversight, shore up quality standards and boost innovation.

Source: Economic Times November 03, 2017 13:16 UTC