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India facilitates foreign investment in food industries

news agency wam , 12 Jan 2025 - 23:03

India has announced that it will allow 100% foreign investment in the food and beverage sector, giving full ownership and management of these businesses to foreign investors.


According to Amac News: Indian Commerce and Industry Minister Piyush Goyal said: "The government will issue quick and easy work permits for those who want to work in these companies or start food and beverage businesses in India."
He added that he has targeted that in the next five years, the combined export of food and beverage industries, agriculture and marine products will reach 100 billion dollars.
Goyal also emphasized on promoting sustainability in the food industry and said that the Ministry of Commerce and Industry is looking to make agricultural processes sustainable. It also promotes organic farming and organic food products.
Goyal added, "The government has eased the certification processes for organic foods while paying special attention to maintaining their credibility and traceability to avoid any irregularities in the system."
Last year, India exported $50 billion worth of food, beverage, agricultural and marine products.
Goyal appreciated the Food and Agricultural Export Development Organization and the Marine Products Export Development Organization for these export efforts.


Story Code: 2551

News Link :
https://www.amacnews.com/en/news/2551/india-facilitates-foreign-investment-in-food-industries

AMAC
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