The World Food India event saw participation of 75 international and national policy makers and heads of state, including Armenian President Serzh Sargsyan and Latvian Prime Minister Maris Kucinskis.
- In India, food consumption is currently valued at $370 billion and it is expected to touch $1 trillion by 2025. Therefore, a huge opportunity is there for investment in agriculture and food industry of India.
- India has the second largest arable land area in the world and as many as 127 diverse agro-climate zones.
- It is the biggest milk producer in the world, while it is second largest producer of rice and wheat.
- It is the world’s largest producer of many fruits and vegetables.
- Due to improper packing, lack of cold storage facility and poor supply chain management, many of the vegetables perish post harvest. Therefore, huge opportunities do exist in the development of post-harvest facilities, logistics and cold chains.
- Indian food products have demands not only in India, but also across places where Indian diaspora are present. As such, besides investment for the development of infrastructure, technology is also required for the country’s food industry and World Food India.
Government’s response –
- A unique investor friendly portal ‘Nivesh Bandhu’ was launched by the Prime Minister during the World Food India event. The launch of the portal assumes high significance as it will help bring together information on central and state government policies, and incentives provided for the food-processing sector. The portal offers a common platform for farmers, processors, traders, logistics operators and also investors.
- ‘Pradhan Mantri Kisan Sampada Yojana’ has been launched to create world-class food processing infrastructure to leverage investment of $5 billion to benefit two million farmers and generate more than half a million jobs over the next three years. Creation of Mega Food Parks is a key component of this World Food India. These food parks will help link agro-processing clusters with key production centres.
While it is true that food reflects identity of a community, a nation and a civilisation, it brings human beings close to nature. Above all, it is a tool of survival.