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ITC, Patanjali, PepsiCo, Coca- Cola and many domestic and multinational firms have given commitment to government to invest Rs.68,000 crore in India’s food and agriculture sector.
As per the Ministry of Food Processing Industries, 13 MoUs were signed on the first day of World Food India 2017 event.
Harsimrat Kaur Badal, Union Minister for Food Processing stated, “We have already signed MoUs worth Rs 68,000 crore on the first day of World Food India and more investment is set to come over the next few days.”
Further, ITC and Patanjali has entered into MoUs to invest Rs.10,000 crore each, while PepsiCo to spend Rs.13,300 crore for setting up a food and beverage plant and Coca Cola to invest Rs.11,000 crore for juice bottling infrastructure and fruit processing plants and equipment.
