March 13, 2025 10:07 am (IST)
Follow us:
International Food and Hospitality Fair 2016 opens in New Delhi
New Delhi, Mar 15 (IBNS) Inaugurating the International Food and Hospitality Fair -- AAHAR 2016, on Tuesday, at Pragati Maidan, New Delhi, the Union Food Processing Industries Minister, Harsimrat Kaur Badal said that the Budget decision to allow 100% FDI in multi-brand retail for food products produced and processed in India will play a catalytic role in leapfrogging Indian economy.
She said that the average Indian spends 40% of his income on eatables, and only 10% of what we grow is processed in India.
The minister said that the FDI decision would give a boost to the sector, and would contribute to the eventual aim of uplifting farmers and doubling farmers’ income by 2022.
According to Badal, the 100% FDI decision would usher in a partnership between industry and farmers, play a huge role in creating backward infrastructure linkages and plugging wastages, thereby improving the farmers’ prospects.
The minister spoke also of the e-marketing platform that is slated to be launched in April 2016.
She said that the digital platform will integrate 585 regulated markets, providing farmers and traders with access to opportunities for purchase/ sale of agri-commodities at optimal prices in a transparent manner. She also said that the Union government is eager to tap the potential for organic farming in North East India.
Image: Union Minister for Food Processing Industries, Harsimrat Kaur Badal inaugurating the International Food and Hospitality Fair ‘AAHAR-2016’, on Tuesday/PIB
Stating that 42 Mega Food Parks are coming up, the minister said that foreign players can tie up with these parks; this would be facilitated by the plug-and-play model under which these parks would operate, wherein common infrastructural facilities would be provided.
The minister congratulated the India Trade Promotion Organization (ITPO) for the unprecedented participation response to AAHAR 2016, especially with its focus on new and young entrepreneurs, and added attractions such as a Culinary Art Competition.
Chairman and Managing Director, ITPO, L. C. Goyal said that AAHAR has transformed from a trade promotion event to a growth propelling event. He said that it has become India’s best known brand in food and hospitality sector, having acquired a prominent place in the global calendar of international expositions.
AAHAR 2016 will conclude on Saturday, Mar 19.
Image: Union Minister for Food Processing Industries, Harsimrat Kaur Badal inaugurating the International Food and Hospitality Fair ‘AAHAR-2016’, on Tuesday/PIB
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Karnataka govt withdraws CID probe over 'police role' in Ranya Rao's smuggling case
Wed, Mar 12 2025
Hyderabad Police arrest 2 women journalists for 'abusive' posts against Revanth Reddy; BRS protests
Wed, Mar 12 2025
Mauritius: Narendra Modi, Navinchandra Ramgoolam inaugurate Atal Bihari Vajpayee Institute of Public Service and Innovation
Wed, Mar 12 2025
Blow to Congress as BJP set for massive win in Haryana civic polls
Wed, Mar 12 2025
BJP will throw TMC's Muslim MLAs out of assembly after winning 2026 elections: Suvendu Adhikari
Wed, Mar 12 2025
Delhi court orders case against Arvind Kejriwal over alleged misuse of public funds
Tue, Mar 11 2025
Narendra Modi presents Sangam water, Makhana to Mauritius President
Tue, Mar 11 2025