UK companies should invest in Indias food sector which is booming with increasing income and changing consumer preferences, Minister for food processing Harsimrat Kaur Badal said today.
The minister, who arrived in London on a three-day visit, was addressing a roundtable titled “Food Processing in India: Collaborative Opportunities” organised by the Indian High Commission here and Confederation of Indian Industry (CII). “With increasing disposable income and changing consumer preferences in India, retail and e-commerce are booming in the food segment and this is where the opportunity lies,” Badal told potential investors, which included large UK retailers, specialty foods businesses, e-retailers and beverage manufacturers. “Over the past two years, the government of India has taken a number of policy decisions to spur vibrant growth in the food processing segment. With such a progressive policy outlook, we will offer full support towards new collaborations and greater investment,” she said.