May 4, 2017

2 Min Read
India Looks to U.S. Food Firms for FDI in Food Processing
India seeks FDI in its food processing sector from U.S. food firms. Image courtesy of Flickr user sanyambahga

A team of Indian government officials were in Chicago this week to speak with several U.S. food companies in a bid to draw investment in the country’s food processing sector, multiple Indian news organizations reported May 4.

Lead by Special Secretary in the Ministry of Food Processing Industries Jagdish Prasad Meena, the group of officials were in Chicago to meet with Chicagoland food services and logistics firms, as well as restaurant companies.

Secretary Meena was scheduled to have meetings with Mondelez International, Ingredion, Sensient, Griffith Foods, and other companies, urging them to “take advantage of India’s liberalized foreign investment rules, readymade infrastructure and improving ease-of-doing-business climate,” a press release from the Indian Consulate in Chicago said, according to a report in The Hindu.

The visit comes amid recent changes in government FDI policy permitting greater flexibility for foreign investors in India’s food processing sector. The Indian Government is hosting the World Food India 2017 event from Nov. 3 to 5 in New Delhi to highlight investment opportunities in food processing and food retail in the country.

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