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India’s food processing sector has taken the cake when it comes to bagging investment proposals at the ongoing World Food India summit, claimed Union Minister of Food Processing Industries, Chirag Paswan.

The summit commenced at Bharat Mandapam in New Delhi on September 25, and closes on September 28, having already witnessed the presence of bigwigs including Prime Minister Narendra Modi, who inaugurated the event, and others like Paswan and Union Road Transport and Highways Minister, Nitin Gadkari.

While MoUs worth around ₹76,000 crore have already been signed, the total worth of MoUs that would be signed is expected to be approximately ₹1 lakh crore, Paswan said.

Covering an expansive 1,00,000 square metres, the event is the largest congregation of stakeholders in India’s food processing sector, seeing participation by over 21 countries. 

 

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New Zealand and Saudi Arabia were the event’s partner countries, while Japan, Russia, the UAE, and Vietnam were the focus countries.

Domestically, there were at least 21 states/Union Territories, 10 central ministries, and 5 allied government organisations along with over 1,700 exhibitors that participated in the four-day event. 

Paswan said the agreements signed on the opening day were with two big corporates – Reliance Consumer Products and Coca-Cola – along with its bottlers.

A CEO roundtable was also held to discuss issues related to the food processing sector in which the food and FMCG industries had hailed the GST rationalisation undertaken by the Centre.

Positioning India as a global hub for food innovation, the mega event also witnessed participation from Russian Federation Deputy Prime Minister, Dmitry Patrishev.

"World Food India is not merely a trade show, but a transformative platform to position India as a global hub for food innovation, investment, and sustainability," Paswan had said.

During the 2023 edition of the summit, MoUs worth ₹33,000 crore were signed, while the 2024 edition focused on technology transfer agreements.