Mon, Nov 06, 2017 - Page 14 News List

India serves up ‘investment’ dish


India’s top chefs on Saturday poured 800kg of rice and lentils into a giant pan on a sprawling New Delhi lawn as the nation hosted an exhibition to attract foreign investment to its food processing industry.

The delicacy, known as khichdi, was steamed as participants from 20 nations took part in the three-day World Food India exhibition.

India, one of the world’s biggest producers of rice, milk and pulses, is trying to woo billions of dollars of foreign investment in the food processing sector.

Indian Prime Minister Narendra Modi said the combination of traditional Indian food and modern technology, processing and packaging could help the world rediscover Indian food ingredients.

“The perfect blend of hygienic, nutritious and tasty processed food, with the added benefits of preventive healthcare, can be produced economically here in India,” Modi said on Friday while inaugurating the exhibition, which has more than 700 global food companies taking part.

Ravinder Singh Chahal, a researcher, said the main reason for Indian food’s popularity is its spices. “We don’t get them in other countries,” he said.

Lactalis India chief Rahul Kumar highlighted the problems most Indian farmers face due to a lack of refrigerated storage for transport to wholesale markets.

India is more like a continent than a country, Gilbert Le Foll, marketing and sales manager of the French company Femia, said.

“So there is a huge potential of food processing development here in India. A lot of fruits and vegetables are grown here in India,” he said.

The Indian Brand Equity Foundation and Worldatlas show that India is the sixth-largest market for food and groceries in the world and also the second-largest producer of food and food products.

However, it is currently 12th on the list of top food exporting countries. This is the gap the Indian government is trying to fill with US$10 billion in foreign investment that it hopes to attract in the next three years.

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