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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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All You Need To Know About The Rafale Deal Controversy

The fiasco that Congress is creating on the Rafale Deal is certainly not fair

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Rafale Deal is very important for both the countries involved i.e. India and France.
Rafale Deal is very important for both the countries involved i.e. India and France.

By Ruchika Verma 

  • Rafale Deal happened between India and France
  • The Rafale Deal is about the Rafale fighter jets
  • The deal is getting into controversies because of the allegations de by the opposition, especially Congress

Prime Minister Narendra Modi in April 2015 made the announcement that India will buy 36 French-manufactured Rafale fighter jets from Dassault, a French aircraft builder and integrator. This came to be known as Rafale Deal.

The Rafale deal of 36 Rafale aircrafts between India and France was called a “win-win partnership” for both the countries.

Prime Minister Narendra Modi finalised the Rafale Deal during his visit to France in 2015. (FILE PHOTO)
Prime Minister Narendra Modi finalised the Rafale Deal during his visit to France in 2015. (FILE PHOTO)

But recently it has come under attack of the Opposition, mainly the Indian National Congress, which has alleged that there have been irregularities in this deal and its proceedings. However, the government has denied and rejected all the charges.

The Rafale Deal is nothing new and was also signed during the time of UPA government. The first time it came to light was during the government of Atal Bihari Vajpayee where the original proposal was to buy 126 fighter jets.

After tests and negotiations in 2012, Rafale was considered L-1 bidder and negotiations started which only came to a conclusion as the Rafale Deal in 2015 under Prime Minister Modi’s government.

NDA government has got a better price on the Rafale Deal than the UPA governement.
NDA government has got a better price on the Rafale Deal than the UPA government.

Now the UPA alleging irregularities on NDA government doesn’t seem fair to many because no deal took place under their government. The transfer of technology was a primary issue of concern between the two sides. Dassault Aviation also tried to deny to take the responsibility of quality control of the production of 108 aircraft in India. The Dassault provided for 3 crore man-hours for production of the Rafale jets in India, HAL’s estimate was approximately 3 times higher which resulted in an escalation of costs in the manifold.

Also Read: Make in India: France to set up production centers for Rafale fighters

Prime Minister Modi’s visit to France in 2015 helped bring this deal to a final conclusion. The government-to-government deal of 36 jets was to completed as soon as possible.

On costs of the Rafale Deal, NDA government has said that it got better terms than those quoted in the original bid under the UPA government. The total savings are reported to be of more than 1600 million Euros. However, the cost breakdown of Rafale Deal in the original bid under UPA government and in the 36 aircraft in the NDA’s government-to-government deal is not available for the public domain.

The Rafale Deal involves no private party from the side of India. www.worldwide-military.com
The Rafale Deal involves no private party from the side of India. www.worldwide-military.com

Under the current agreement, the  Rafale Deals support the ‘Make In India’ initiative of the Indian Government through the IGA’s Article 12. It states that France will facilitate the implementation of ‘Make In India’. These critical design technologies were already discussed between the two governments in previous meetings. The present Rafale Deal is signed between two sovereign governments and there is no private individual, firm or entity involved in the process from the side of India. The procurement process also does not include any private company or firm from India.

Also Read: IAF’s Rafale Deal with France: India confirms order

The fiasco that Congress is creating on the Rafale Deal is certainly not fair as the NDA government has proved that their deal is better than the one which was undertaken during the UPA government.