During the event, India is hosting over 2,000 participants and 200 companies from around 30 countries.
The three-day World Food India event was inaugurated by Prime Minister Narendra Modi.
Apart from representatives of 28 states, it will also see participation of 18 ministerial and business delegations, almost 50 global CEOs along with heads of all leading domestic food processing companies.
Notably, "World Food India 2017" is a platform for showcasing the food processing strength of India and an opportunity to connect with worldwide and Indian key players in food processing and allied sectors. India was ranked number 1 in the world in 2016 in greenfield investment. He said, "India is one of the fastest growing economies in the world".
There were opportunities in post-harvest management such as primary processing and storage, preservation infrastructure, cold chain and refrigerated transportation, the Prime Minister asserted. However, more investment is required in contract farming, raw material sourcing and creating agri-linkages. At the inaugural event, Harsimrat Kaur Badal and Minister of State for Food Processing Industries Sadhvi Niranjan Jyoti will also be joined by the Ministers of Telangana, Andhra Pradesh, Uttar Pradesh, Rajasthan and Chhattisgarh.
While diversified conglomerate ITC said it would invest over Rs 10,000 crore to set up 20 integrated food processing and logistics facilities, PepsiCo reiterated that it along with its partners would invest United States dollars 2 billion in the next five years.
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Minister of Food Processing Industries Harsimrat Kaur Badal in her address said agreements worth $10 billion were expected to be signed during the three-day global event.
"Food Ministry plays a key role in helping realise PM's vision to double farmers' income by 2022". Khichdi also has qualities of wellness and health food and is very nutritious.
"Our farmers, who we respectfully call our annadata, are central to our efforts in food processing", Modi added. The food processing unit will have designated units for maize, sugarcane and other crops.
She also said that as the world moves towards 2050, the global population is set to increase by 25 per cent and demand for food by 50 per cent, adding that "we need to wage a war against food waste to ensure adequate food for all".
Over 800 kgs of khichdi will be prepared live on 4 November at the festival in a bid to create a world record and popularise the dish globally.