Reforms can attract UK investments into Indian food sector – Feedback

Policy reforms like liberalisation of FDI in multi-brand retail and implementation of GST can attract investments from UK companies into the domestic food supply sector, according to a report.

“Government needs to hasten various policy and regulatory reforms like right compensation for land acquisition, liberalisation of FDI in multi-brand retail, implementation of GST and green channeling for agri produce,” said the report titled ‘India-UK collaborations and investments in food supply chain’, prepared by Dun & Bradstreet Tangram. These measures will “push India-UK collaborations and investments in food supply sector where huge opportunities and potential remain to be tapped fully”, it said. Unless FDI is allowed in multi-brand retail and the rigid conditions are removed, the food supply chain sector will not get the desired investments, the report added.

http://economictimes.indiatimes.com/industry/cons-products/food/reforms-can-attract-uk-investments-into-indian-food-sector-report/articleshow/52011480.cms

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