The Prime Minister of India, Narendra Modi, inaugurated World Food India 2017, at Vigyan Bhavan in New Delhi on Friday.
The three-day event has been put together at the initiative of Ministry of Food Processing Industries which comes under Union Minister, Harsimrat Kaur Badal.
To mark the World Food Convention hosted for the first time by India, Modi also launched Nivesh Bandhu (“investor’s friend”) website.
The website aims to help bring together information on central and state government policies, and incentives provided for the food-processing sector.
The website maps resources upto the local level, with processing requirements. It is also a platform for business networking, for farmers, processors, traders, and logistics operators.
Seven publications of Ministry of Food Processing Industries which will help investors in Food Processing Sector in making informed decisions have been included in the website. Modi also released a coffee table book and commemorative stamp on Indian cuisines.
He said India is today one of the fastest growing economies of the world. The Goods and Services Tax has eliminated the multiplicity of taxes, Modi claimed.
According to Modi, India has jumped thirty ranks this year, in the World Bank Doing Business rankings – the highest ever improvement for India, and the highest jump for any country this year.
He emphasized that starting a new business in India is now easier than ever before. Procedures for obtaining clearances from various agencies have been simplified. Archaic laws have been repealed, and the burden of compliances has been reduced, Modi said.
Photo courtesy: Press Information Bureau
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