New Delhi: Union Minister for Food Processing Industries (FPI), Harsimrat Kaur Badal, yesterday inaugurated the India Pavilion at the 25th Edition of the GulFood, Dubai, being held from 16 to 20 February. The FPI Minister took a tour of the fair and interacted with the Indian exhibitors and urged them to make use of the GulFood 2020 platform for facilitating tie-ups between foreign investors and accelerating the pace of export of food products from India to the western market. The Minister, while interacting with the exhibitors, discussed the potential of business opportunities available to them in India, UAE, and other countries.
The FPI Minister held one-on-one meetings with companies involved in the food business in UAE. Based on the discussions, it was proposed to explore the possibility of setting up a fund for providing marketing support to launch Indian products in UAE supermarkets.
During discussions with the India-UAE Food Security Corridor project representative, the Minister proposed that existing MoFPI supported infrastructure may be utilised to give a head start to the project. Badal emphasized fast tracking the project and said all necessary support for grounding the project will be provided by the Ministry through Invest India.
Badal said India and UAE have been amongst each other’s largest trading partners for the last several years. Currently, UAE is the third largest trading partner with bilateral trade reaching $59.909 million in 2018-19, stated the Ministry of Food Processing Industries (MoFPI) in a Press communication.
Badal said that the Food Processing Sector in India being a sunrise sector is poised for exponential growth and has emerged as a high growth sector due to its immense potential for value addition, ability to control inflation, and ensure remunerative prices to farmers.
Harsimrat Kaur Badal informed the delegates that India is a huge and promising market with a population of 1.3 billion, increasing purchasing power, adequate availability of raw materials, availability of young and skilled manpower, and a number of fiscal incentives that are being offered by the Indian Government for encouraging investments in this sector.
Steps have been taken to improve the environment of ease of doing business under the Make in India initiative of Prime Minister Narendra Modi which focuses on making India a global manufacturing hub, the Ministel said, adding that the regulatory mechanism for food-related industries in India has been aligned with the international standards making Indian exports more acceptable to the global markets.
The FPI Minister observed that food items are one of the major Indian exports to UAE. While India is rich in production of food grains, fruits, vegetables & milk but lacks in processing infrastructure, UAE has surplus funds and technology available to create such facilities but lacks in availability of raw material, Badal said, remarking that a partnership between India and UAE can ensure food security for the Gulf nation in the times to come.
The Minister interacted with several other companies and motivated them to increasingly focus on Make in India and on providing organic solutions to further increase the country’s exports. She also highlighted various initiatives taken by the FPI Ministry to promote the food processing sector in India. The Minister said she was impressed with the display put forward by APEDA and the members in the Indian Pavilion and extended her best wishes, assuring full support for growth of Indian exports to enable a future of prosperity, with India leading the way globally. APEDA is participating with more than 100 exporters in the Gulf Food.
FPI Minister Badal highlighted the unique advantages offered by India along with a supportive policy environment, and exhorted investors from UAE and across the globe to avail of the benefits of schemes of the Ministry of Processing Industries to set up new enterprises in India.
Subscribe to Indus Dictum to receive a briefing about the latest news & feature articles. No spam, we promise.