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.
Dignitaries
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.”
Source: Thehindubusinessline.com
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