New Delhi, Nov 3 () Finance Minister Arun Jaitley today exhorted global as well as domestic companies to invest in the food sector, saying that it has the potential to become a principal industry. Addressing business leaders at the World Food India event here, he said that as the economy grows it will impact the lifestyles of people and the food industry would be a major beneficiary this change. He also stressed upon the need to increase farm productivity, improve storage facilities and spur food processing activity. Food Processing Industries Minister Harsimrat Kaur Badal said the government has initiated various reforms in the sector. Some other reforms are also underway, she said, adding that there is a proposal for setting up of a Food Processing Bank.

Source: Times of India November 03, 2017 11:37 UTC