Tuesday, 02 January 2024 12:17 GMT

Rs 1.02 Lakh Crore Investment Expected In Food Processing At World Food India 2025


(MENAFN- KNN India) New Delhi, Sep 29 (KNN) The Government of India has attracted record investments worth Rs 1.02 lakh crore in the food processing sector during the World Food India 2025 summit, organised by the Ministry of Food Processing Industries from September 25–28 at Bharat Mandapam, New Delhi.

In its official statement on Sunday, the Ministry said the summit concluded on a“historic note” with investment commitments from 26 leading domestic and global firms.

The agreements, signed through Memoranda of Understanding (MoUs), mark one of the largest investment announcements ever made in this sector.

Union Food Processing Minister Chirag Paswan had earlier projected that MoUs worth over Rs 1 lakh crore would be finalised during the four-day event inaugurated by the Prime Minister.

The investments are expected to generate over 64,000 direct jobs and create indirect opportunities for more than 10 lakh individuals.

Major companies participating include Reliance Consumer Products, Nestle India, Tata Consumer Products, Coca-Cola, Amul, Lulu Group, Carlsberg India, Dabur India, Haldiram Snacks, Patanjali Foods, Godrej Agrovet, and Olam Food Ingredients.

Several other domestic players such as BL Agro, ABIS Foods, Cremica Food Park, and Bluepine Foods also signed agreements.

The investments span across diverse categories like dairy, meat and poultry, packaged foods, beverages, edible oils, fruits and vegetables, and ready-to-eat products.

Projects will be implemented across multiple states including Gujarat, Maharashtra, Uttar Pradesh, Tamil Nadu, Karnataka, Punjab, Bihar, and the north-eastern region.

Reliance Consumer Products signed a Rs 40,000-crore deal to set up integrated food manufacturing facilities, while Coca-Cola's bottlers pledged Rs 25,760 crore for expanding food processing infrastructure through greenfield and brownfield projects.

The Ministry added that the summit has strengthened India's position as a trusted global hub for food processing and laid the foundation for sustainable growth, innovation, and international collaboration.

(KNN Bureau)

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