India rolls out red carpet to Japan firms to invest in food sector

India rolls out red carpet to Japan firms to invest in food sector

Union Food Processing Minister Harsimrat Kaur Badal, who was on a ‘food diplomacy’ visit to Tokyo, has said Indian marine products, fruits & vegetables, as well as non-GM foods, were key strength areas in which Japanese companies could explore investment possibilities.

One of our strengths is that we offer non-genetically modified (GM) food in India. And the Japanese companies are on the same page with India, as they are very particular about food safety, he was quoted as saying by Business Line.

“Japan is a saturated market. Its food processing sector does 60 per cent of its business outside Japan. But only 11 per cent of this is with India. There are only 12 Japanese companies operating in India,” she said.

Badal added: “India’s infrastructure offers foreign companies the opportunity to plug and play in the market.”

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