Food processing is India’s sunrise sector

Sector Focus: Food Retail, India Investment Journal September Edition
Harsimrat Kaur Badal, as the minister in charge of India’s Ministry of Food Process Industries, has been on a worldwide mission to attract investors to the country’s $915bn farm-to-fork ecosystem. During a recent visit to London, ‘India Investment Journal’ was given an insight into her plans for India’s first-ever World Food India summit this year.

What is the investment update since your last visit to the UK?

From our last meeting, all the big retail chains were hoping for some relaxation in the FDI [foreign direct investment] policy. The existing model in India is only for food and most of them do food plus other items. That is a decision the government will be taking very shortly and the serious interests will become apparent once that clarity is there.