|Subject||50 global CEOs to attend World Food India meet|
NEW DELHI, OCTOBER 31:
As many as 50 global CEOs are expected to attend the World Food India 2017 meet here from November 3 to 5.
The conference, being hosted by the Ministry of Food Processing in collaboration with Confederation of Indian Industries (CII), will also see the participation of over 200 international companies.
Paul Bulcke, Chairman, Nestle; Brian McNamara, CEO, GSK Consumer Healthcare; Pieter Boone, CEO, Metro Cash & Carry and COO, Metro AG; Amanda Sourry, Global President-Foods, Unilever; and Steven Schiller, President-International, The Hershey Company, are among the global CEOs who are expected to take part in the event.
In addition, ministerial and business delegations from Japan, Germany, Denmark, The Netherlands, Italy, Latvia, South Korea and Poland will attend the-three-day event. Denmark, Germany and Japan are the partner countries for the conference.
Food Processing Minister Harsimrat Badal believes that with only 10 per cent of India’s food being processed, the country needs to partner with global companies to augment farmers’ incomes as well as to reduce post-harvest losses. Earlier this month, Badal said that foreign investment deals worth $10 billion in the food processing sector had already been closed and the inflow of investments was expected to see a rise after the World Food India event.
On the sidelines, the global CEOs are set to meet the Prime Minister and the Finance Minister in two separate roundtables that will focus on investment opportunities and regulatory framework for ‘ease of doing business’ among other issues.
As many as 28 States are partnering for the event and will showcase their strengths and opportunities, seeking investments from food processing companies.
Terming food processing as the next big sunrise sector, Chandrajit Banerjee, Director General, CII, said: “CII expects the Indian food sector to create four million additional jobs and entrepreneurial opportunities by 2025, including for youth and women. World Food India 2017 will showcase the immense investment potential across Indian States and the entire supply chain.”
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