India pitches for Foreign Direct Investment in food-processing sector

Pitching for foreign direct investment in the food-processing sector,

 India has asked the U.S. companies to take advantage of its liberalised foreign investment rules, ready made infrastructure and improving business environment.

A high-powered team of Indian officials led by Jagdish Prasad Meena, Special Secretary in the Ministry of Food Processing Industries on Wednesday started their two-day trip to Midwest from Chicago holding meetings with high-level officials from several Chicagoland food services, logistics and restaurant companies.

The first of its kind visit of U.S. officials comes as the Narendra Modi government has significantly liberalised FDI regulations, and has allowed 100% FDI in manufacturing of food products and 100% FDI in trading including e-commerce in food products manufactured and produced in India.

India has undertaken several national and state-level programmes to improve the nation's standing in the World Bank's annual Ease of Doing Business Index, the Consulate has said.

India's food processing industry is experiencing significant growth and boasts existing infrastructure in new Mega Food Parks around the country as well as state-of-the-art Cold Chain facilities, it has said.

From November 3 to 5, New Delhi will host the World Food India 2017, a first-of-its-kind mega-scale event showcasing the large agricultural or horticultural produce base of India and its huge young population, providing a ready market providing immense investment opportunities for the entire food processing and food retail sector.

Leading U.S. companies are invited to learn about India's proactive policies and profitable opportunities available across the entire food-processing and food retail value chain.