Already Rs. 65,000 crore private investment has been committed in the food processing sector and more is expected during the mega global food event to begin from November 3, the Union government said on Wednesday.
Of the total, more than 40% of the investment has been committed by domestic players such as ITC.
This would create more than 10 lakh jobs in the country, the government added.
“Huge investment has been committed in the food processing sector because of transformation measures taken in the last three years and improvement in the ease of doing business,” Food Processing Minister Harsimrat Kaur Badal told reporters.