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cover story

                              Swadeshi - MNC Meet
                             Big Boost to


                             chain in india

              op global and
              Indian companies
        Tcommitting to invest
        an estimated $ 11 billion in
        India’s food and agriculture
        sector – this was the
        outcome of the three-day
        World Food India, organized
        in the national capital. Prime
        Minister Narendra Modi
        inaugurated the mega event,
        the first of its kind in food
        processing, organized by the
        Food Processing Industries
        Ministry in partnership with
        the Confederation of Indian
           The first day itself of
        the event witnessed signing
        of 13 Memorandums of        signed a MoU worth Rs.      in a statement that the        Indian companies
        Understanding (MoUs)        13,300 crore for setting up   company’s investments     which signed major deals
        worth Rs. 68,000 crore.     a food and beverage plant,   are designed to “accelerate   during the event included
        Some of the leading         Coca-Cola committed to      our transformation journey   Britannia Rs. 1500 crore
        companies signing           invest Rs. 11,000 crore in   towards a healthier        for manufacturing bakery
        MoUs on the inaugural       juice bottling infrastructure   portfolio.” ITC said a part   and dairy products; Hains
        day included PepsiCo,       and fruit processing plants   of its investments would be   Celestial India Rs 1440 crore
        Coca-Cola, Amazon,          and equipment.  ITC and     used to set up 20 state-of-  for manufacturing facility
        ITC, Patanjali, Hershey’s   Patanjali committed to      the-art integrated consumer   for healthy snacks and
        and Al- Sharaf Group        invest Rs. 10,000 crore each   goods manufacturing and   sourcing agri commodities;
        of UAE. While PepsiCo       in this sector. PepsiCo said   logistics facilities in 12 states.  CP Wholesale Rs. 1200 crore
                                                                                            to set up cash & carry stores;
                                               The Prime Minister said, “private sector     and RP SG group Rs. 1200
                                                                                            crore for manufacturing of
                                               participation has been increasing in         packaged food and snacks.
                                               many segments of the value chain.
                                               However, more investment is required         Catalize investments
                                                                                               The Prime Minister
                                               in contract farming, raw material            underlined the scope for food
                                               sourcing and creating agri-linkages.         processing in India, which
                                               Many international companies in India        is the world’s second largest
                                               have taken a lead in contract farming        producer of rice, wheat, fish,
                                               initiatives. This is a clear opportunity for   fruits and vegetables and
                                                                                            the largest producer of milk.
                                               global super-market chains considering       He said the Pradhan Mantri
                                               India as a major outsourcing hub.”           Kisan Sampada Yojana,

        10     December 2017     AgriBusiness & Food  i ndustr y
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