The Center said on Wednesday that during the second World Food India event, which will take place in the nation’s capital from November 3–5, over Rs 75,000 crore in investment is anticipated to be drawn to the food processing industry. The international event was not able to be organised in the following years because of the COVID-19 epidemic, which took place during the first edition in 2017.
We have asked Prime Minister Narendra Modi to give this Pragati Maidan the official opening of World Food India (WFI) 2023. The President of India will be present for the farewell event, according to Minister of State for Food Processing Industries Prahlad Singh Patel.
The food processing industry in India offers numerous investment prospects. According to him, a few businesses have already committed to an indicative amount of money, which will be revealed at World Food India 2023.
“China has not been invited to the event due to strategic reasons,” the minister stated.
He stated that the event, which is expected to draw 950 exhibitors and 75,000 attendees, will feature participation from about 16 countries, 23 state governments, 11 Union ministries, and central agencies.
He continued, saying that Japan and Vietnam will be the main focal countries, with the Netherlands serving as a partner nation for World Food India 2023.
In his presentation, Additional Secretary to the Food Processing Industries Minhaj Alam stated that thus far, investments totaling over Rs 642 crore have been made by US-based General Mills, Britannia, GreenGrahi, Foods and Inns Ltd, and St. Peter & Paul SeaFood Exports.
He stated that the US-based Mondelez and Coca-Cola, the UAE-based Lulu Group, and the Swiss-based Buhler Group have all verbally committed to an investment.
This time, we hope to invest above Rs 75,000 crore,” Alam stated to PTI outside the press conference.
When asked how the investment from the inaugural World Food India edition was going, the official replied, “We had received a commitment for an investment of Rs 75,000 crore, out of which Rs 23,000 crore has come.”
It was anticipated that the investments would pay off in three years. He said there was a delay because of the pandemic.
Attending the briefing was Sanoj Kumar Jha, Additional Secretary in the Food Processing Industries.
Millets, growth potential unlocking, India’s role as the world’s hub, an effective ecosystem, and sustainable development would be the main areas of concentration.
In an effort to break the Guinness Record, 60 to 80 chefs will create the longest “Millet dosa” in history—more than 100 feet.