Food processing minister Harsimrat Kaur Badal said $11.25 billion investments were committed in the country’s food processing sector during the World Food India event, and with government funds put together, the total investments signed have reached $18.84 billion. Badal announced that a dedicated cell has been put in place to ensure each of the 50 memoranda of understandings (MoUs) signed materialise on the ground level and help boost food processing levels from the current 10%.The US, the UAE, Germany, the Netherlands and France have announced big amount of investments in the country’s food processing sector. The investments are promised in areas of food processing, beverages, logistics, wholesale and retailing, e-commerce, organic farming among others.

(Live Mint)