With 100% FDI, food sector priority in Make In India: PM at Food conference
Modi said a single-window facilitation cell provided hand-holding for foreign investors and there were attractive fiscal incentives from the Union and state govts LATEST NEWS : Prime Minister Narendra Modi on Friday said the food sector that allows 100 per cent foreign investment was the priority in the government's ambitious "Make In India" programme. Launching a three-day global conference on the food industry here, Modi said food processing was an age old practice in India and simple, home-based techniques like fermentation had resulted in the creation of "our famous pickles, papads, chutneys and murabbas that now excite both the elite and the masses across the world". He said the government had taken a range of "transformational initiatives to make the country "most preferred investment destination in this sector". "It is priority sector in our 'Make in India' programme. 100 per cent Foreign Direct Investmen...