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With 100% FDI, Narendra Modi calls Food Sector a Priority in Make in India Programme

Modi said India with its rich legacy of spices could provide solutions and offer a win-win partnership as the world was becoming increasingly averse to the use of artificial colours, chemicals and preservatives.

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Prime Minister Narendra Modi. Wikimedia
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New Delhi, November 3, 2017 : Prime Minister Narendra Modi on Friday said the food sector that allows 100 per cent foreign investment was the priority in the government’s ambitious Make In India programme.

Launching a three-day global conference on the food industry here, Modi said food processing was an age old practice in India and simple, home-based techniques like fermentation had resulted in the creation of our famous pickles, papads, chutneys and murabbas that now excite both the elite and the masses across the world.

He said the government had taken a range of transformational initiatives to make the country most preferred investment destination in this sector.

It is priority sector in our ‘Make in India’ programme. 100 per cent Foreign Direct Investment is now permitted for trading including through e-commerce of food products manufactured or produced in India, Modi told the World Food India conference that will see the participation of over 2,000 delegates from 200 companies from some 30 countries.

Apart from representatives of 28 states, it will also see participation of 18 ministerial and business delegations, nearly 50 global CEOs along with heads of all leading domestic food processing companies.

Modi said a single-window facilitation cell provided hand-holding for foreign investors and there were attractive fiscal incentives from the Union and state governments.

Loans to food and agro-based processing units and cold chains are classified under priority sector lending, making them easier and cheaper to obtain, the Prime Minister said.

Modi said the recently launched unique portal – Nivesh Bandhu (investor’s friend) – would bring together information on central and state government policies and incentives provided for the food processing sector.

He said private sector participation had increased in many segments of the value chain but sought more investment in contract farming, raw material sourcing and creating agri linkages.

There were opportunities in post-harvest management such as primary processing and storage, preservation infrastructure, cold chain and refrigerated transportation, the Prime Minister asserted.

There is immense potential for food processing and value addition, especially in niche areas such as organic and fortified foods.

Modi said India with its rich legacy of spices could provide solutions and offer a win-win partnership as the world was becoming increasingly averse to the use of artificial colours, chemicals and preservatives.

Modi said the Pradhan Mantri Kisan Sampada Yojana aimed at creating world class food processing infrastructure was expected to leverage investment of $5 billion, benefit two million farmers and generate more than half a million jobs over the next three years.

Narendra Modi said the government was planning to link agro-processing clusters with production centres through Mega Food Parks, which will offer immense value proposition in crops such as potato, pineapple, oranges and apples.

Minister of Food Processing Industries Harsimrat Kaur Badal in her address said agreements worth $10 billion were expected to be signed during the three-day global event.

Our demand of food is set to double over the next five years. Being six largest food and grocery market in the world, India is a destination that merits global attention in the food sector.

She said there was a need to wage war on food waste to ensure adequate food for all and to avoid a food crisis as the world’s population was set to increase by 25 per cent and the demand for food by 50 per cent by 2050. (IANS)

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Waves of black as Modi visits Chennai

Tamil Nadu has been in turmoil since the six-week period for setting up the Board expired, with opposition parties and a host of fringe Tamil groups attacking the Centre

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Prime Minister Narendra Modi (FILE PHOTO)

Black flags and balloons and activists in black shirts and trousers greeted Prime Minister Narendra Modi as he paid a whirlwind visit to Chennai with helicopter as the chosen mode of transport in the wake of statewide agitation demanding constitution of the Cauvery Management Board (CMB).

Protests were also held with black flags and placards throughout Tamil Nadu in cities like Tiruchi, Thanjavur, Coimbatore and Tuticorin against the Prime Minister’s brief visit to the state and the Centre’s failure to constitute the CMB despite a Supreme Court order. Black flags were hoisted on homes and business establishments across the state.

Prime Minister, Narendra Modi stressed on the importance of service to others in his last Mann Ki Baat edition for 2017.
Narendra Modi welcomed with black flags in chennai.

In a bid to avoid protesters, Modi, who arrived here by a special aircraft in the morning, chose a helicopter to reach Tiruvidanthai, in neighbouring Kanchipuram district where he opened the 10th DefExpo organised by the Defence Ministry. From there he took another chopper to come to IIT Madras, in the heart of the city. From there, he took a one-kilometre ride by car to the neighbouring Adyar Cancer Institute for an event.

The Prime Minister walked a few steps from the helicopter to the car that ferried him to the Cancer Institute. As he did so, he encountered some 30 students from IIT Madras who stood silently but held posters demanding a Cauvery Management Board as ordered by the Supreme Court — an issue which has whipped up emotions in Tamil Nadu. Modi then left by helicopter to the airport before returning to Delhi.

Also Read: Modi is anti-Dalit, will defeat BJP in 2019: Rahul Gandhi

#Go back Modi trended on top as netizens took to the cyberspace to register their protest against the Central government’s failure to set up the CMB as directed by the Supreme Court to ensure proper sharing of Cauvery waters between Tamil Nadu and Karnataka and other states.

DMK leader M.K. Stalin, who was on a padayatra of the Cauvery delta areas, wore black shirt and trousers as he protested along with state Congress President Thirunavukkarasar and CPI-M state unit chief Mutharasan. “The Prime Minister may be flying in the air today but he has to come down when the elections come,” he said taking a dig at Modi.

A black flag was hoisted at DMK chief M. Karunanidhi’s residence. The ailing leader wore a black shirt. DMK MP Tiruchi Siva and leaders of DMK allies wore black dress and marched on the road near the Chennai airport.

In the morning outside the Chennai airport, activists of the Federation for protection of Tamil Art and Culture, led by noted film director Bharatiraja and other film personalities like Amir, Gautaman and Vetrimaran protested against Modi’s visit. They were arrested.

will also hold a meeting there with the Indian community. Wikimedia Commons
Cauvery River Dispute is going on for a while now. Wikimedia Commons

While MDMK chief Vaiko held a black flag protest in Velachery, Naam Thamizhar Katch convenor Seeman, a film director, was arrested elsewhere. Vaiko called Modi a “coward” for choosing to fly. Political leaders Velmurugan and P. Nedumaran were arrested from Alandur metro station in Chennai for holding black flag protests.

Tamil Nadu has been in turmoil since the six-week period for setting up the Board expired, with opposition parties and a host of fringe Tamil groups attacking the Centre, saying the BJP was interested only in winning the Assembly elections in Karnataka. Even the hugely-popular IPL cricket matches have been shifted out of Chennai to Pune in view of the disturbances on Tuesday. IANS