News Update

CBIC revises tariff value of edible oils, gold & silverFormer IPS officer Sanjiv Bhatt jailed for 20 yrs for planting drugs to frame lawyerCentre receives Rs 18.5 lakh crore tax revenue upto Feb monthUN says Households waste across world is now at least one billion meals a dayExpert Committee on developing GIFT IFSC as 'Global Finance and Accounting Hub' submits report to IFSCAIndia, China hold fresh dialogue for complete disengagement on Western borders: MEADefence Production issues notification for re-organisation of DGQAThakur says India is prepared for 2036 OlympicsCBDT substitutes Form in ITR-5EV Revolution: Lessons for India to learn from US and China!London court green-signals auction of luxury apartment of fugitive Nirav ModiGovt consults RBI; finalises borrowing plan for first half of FY 2024-25Gadkari says Farmers’ protest is politically-motivatedVP calls upon women entrepreneurs to be 'Vocal for Local'America offers USD 10 mn bounty for information on ‘Blackcat’ hackers after UnitedHealth gets hitI-T- The order of the ITSC can only be reopened in cases of fraud or misrepresentation: HC8 persons including Hezbollah militants killed in Israeli strike on LebanonMacron pillories EU-South Africa trade deal; calls it ‘really bad’ in BrazilThailand’s Lower House okays Bill to legitimise same-sex marriageYellen warns China against clean energy dumpingMilky Way’s central black hole - Twisted magnetic field observedCus - Assessee has not proved beyond reasonable doubt that goods in question imported under air way bills/bills of entry were in fact filed by him and hence the only natural corollary available to Revenue is confiscation of same: CESTATSmall investors help Trump Media’s valuation skyrocket to USD 13 billionJustice Ritu Raj Awasthi joins as Judicial member of Lokpal
 
Investments worth USD 19 bn committed at World Food India: Minister

By TIOL News Service

NEW DELHI, NOV 06, 2017: THE Food Processing Minister, Ms Harsimrat Kaur Badal, said that the World Food India 2017 witnessed the signing of 50 MoUs worth USD 11.25 billion for investment by the private sector, another USD 2.5 billion at the state level. Coupled with the initiatives that the Central Government is undertaking, close to USD 19 billion worth of investments was committed at the event, she added. These investments were in all segments of the food processing value chain from farm to the fork.

According to the Minister, the event witnessed the participation of 10,000 participants and over 8,000 B2B and B2G meetings were held. She highlighted her Ministry’s resolve to follow through on the investments committed and stated that they would work to bring these investments online as soon as possible.

The President of India, Mr Ram Nath Kovind, in his valedictory address, said that the event was the Kumbh Mela of the Food Processing Industry. He said that food was part of India’s global outreach. Foods like the samosa have entered India from Central Asia, assimilated into our culture and then exported to different parts of the world. He stated that concepts that were once part of India’s heritage such as Ayurveda and Yoga have once again come back in vogue.

Food Processing Sector offers many opportunities for investment in several areas including huge opportunities for women to set up micro-enterprises in the country and adoption of food processing can go a long way in curbing food wastage, he said.


POST YOUR COMMENTS
   

AR not Afar by SK Rahman

TIOL Tube Latest

Shri Shailendra Kumar, Trustee, TIOL Trust, giving welcome speech at TIOL Awards 2023




Shri M C Joshi, Former Chairman, CBDT




Address by Shri Buggana Rajendranath, Hon'ble Finance Minister of Andhra Pradesh at TIOL Awards 2023