Union Minister for Food Processing Harsimrat Kaur Badal on Tuesday advocated 100 per cent Foreign Direct Investment in food processing industries albeit with a condition that entire product should be Indian and not imported.
At the Make in India Summit, she said, “There is a marked difference between us and previous (UPA)government. Their policy talked about FDI with 15 per cent local partnership. Whereas, we say foreigners should come and invest for Make in India. But entire produce which would be required for processing should be domestic. We will not allow them to dump their agro-yield on us. They can invest in food processing infrastructure.”
The minister said, “Maharashtra had immense potential and also readiness for tapping the food processing industries. There are a few states which are doing well including Maharashtra, Andhra Pradesh, Punjab among others.”
“But there is still concern as states are not rising to take up the opportunity in this sector which can generate maximum employment,” she added.
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