Gujarat expects Rs 15,000 crore investments in agro food processing

index.jpgSource: Business Standard, Jun 13, 2016

Ahmedabad: Having announced a dedicated policy in agro business, Gujarat expects about Rs 10,000-15,000 crore investment in agro food processing sector in next five years. The state government on Monday announced the ‘Comprehensive Agro Business Policy 2016-21’ which focuses on value addition of agriculture produce.

“As on date, about Rs 3,000 crore investments have been made under various schemes for food processing but with special focused policy, we are expecting about Rs 10,000-15,000 crore investments in agro food processing sector in next five years,” said K S Randhawa, managing director of Gujarat Agro Industries Limited.

According to state government, there are huge opportunities in agro food processing sector in India and through this policy it wants to explore markets within India and globally.

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DIPP moves cabinet note on 100% FDI in food processing

Source: The Economic Times, April 28, 2016

NEW DELHI: The final cabinet note on allowing 100% FDI in food processing sector has been moved by 1the Department of Industrial Policy and Promotion ( DIPP).

Finance Minister Arun Jaitley had said in his budget speech, “100% FDI will be allowed through FIPB route in marketing of food products produced and manufactured in India. This will benefit farmers, give impetus to the food processing industry and also create vast employment opportunities.” Read the rest of this entry »

India allows 100 percent FDI in processed food retailing

Source: ETRetail.com, Feb 29, 2016

New Delhi: In a landmark liberalizing policy in the sensitive multi-brand retail sector, India on Monday allowed 100% foreign investment in processed food retailing provided they are manufactured in India that will help retailers such as Marks & Spencer, Tesco, Walmart and IKEA to set up food-only retail outlets.

A senior official at the Ministry of Food Processing and a top commerce ministry official confirmed that move would allow overseas investment in food multi-brand retailing that Minister of Food Processing Industries Harsimrat Kaur Badal had been advocating for in recent months. Read the rest of this entry »

Opportunities “Make in India” campaign offers to foreign companies

Make in India modi

By Ravi V. Patil (Director INDOLINK India)

India got a new government in May 2015. During his election campaign, the new Prime Minister, Narendra Modi, projected a vision of a developed India. He said “Ache Din Ayenge’ (Better days will come) and new government will make all efforts to bring these better days on priority.

Modi is well aware that without industrial growth bringing these “Ache Din” will not be possible, hence soon after assuming the Office he started the”Make in India” campaign: an initiative by Indian Government to boost manufacturing and attract Foreign Direct Investment (FDI) in India. Since its initiation, Government is endorsing it on every possible platform. During his visits to United States, Australia, Singapore, France, Germany and Canada, Modi has enthusiastically and consistently presented the opportunities India offers and the policy changes government is adopting to make business in India easier.

World business leaders are fully conscious of the potential Indian market offers, but some efforts from top were much needed. The Prime Minister’s speeches to attract investment are giving a high level of confidence to the investors, as it is a good indication that the Government is really serious about these initiatives and will try its best to make things move.

In “Make in India” program Government has identified 25 industrial sectors it wants to promote. In its website http://www.makeinindia.com/ information about sectors, live projects and government policies is provided. In following paragraphs we have tried to summarize opportunities various sectors offer. Read the rest of this entry »