Prime Minister Narendra Modi inaugurated the World Food India 2017 event in the national capital today. The event, a first of its kind in India, is aimed at attracting an investment of USD 10 billion in the food processing sector and generating a million jobs in the next three years.
Speaking at the event, Prime Minister Modi reached out to the global super market chains, asking them to consider India as an outsourcing hub. He also stressed that the private sector needed to invest more in contract farming, raw material-sourcing and creating agri-linkages.
CNBC-TV18 caught up exclusively with some of the big names from the food processing sector. Paul Bulcke, the Global Chairman of Nestle said that harmonising and framing of rules should be a priority for the Modi government.
T Krishnakumar, the Chairman of Coca Cola India was optimistic about India becoming Coca-Cola's 5th largest market in terms of volume over the next two to three years.
Kishore Biyani of the Future Group asserted that his company will be at the forefront of opportunities in the food business and RS Sodhi, the Managing Director of Amul told us about their revenue blueprint. He said that they were targeting a turnover of Rs 31,000 crore this year and Rs 50,000 crore by 2020. Not just that, Sodhi told us that Amul would be investing around USD 500 million over the next three years to build new plants.
Watch accompanying videos for a slice of all those exclusive conversations.
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