Minister for Food Processing Harsimrat Kaur Badal will be meeting heads of retail and food processing companies including Tesco, Sainsbury’s, Harrods, Marks & Spencer and Cobra Beer starting Tuesday in the UK to attract foreign investment in the country.
Her ministry will also organise road shows in the UK for three days beginning Tuesday. The aggressive move to showcase India’s food retail sector is on account of a lack of interest shown by international companies to setup shop in India despite the country allowing 100% FDI in the segment. According to the ministry, the value of processed food exports was $29.37 billion during 2015-16, equivalent to 11.21% of India’s total shipments and 2.36% of total global exports. The minister is going to have oneon-one meetings with the chairmen and CEOs of these global companies, an official from the ministry of food processing said. Badal will also meet her counterparts in the UK’s Department for Environment, Food and Rural Affairs, he said.