IMC to Hold an Investors Meeting in New York

by Shrutee K/DNS

October 04, 2018, New York: Agri-business and Food Processing sectors are critical pillars of the Indian economy, together contributing to over 30% of the GDP of the country. More importantly, almost 50 % of India’spopulation is agrarian, and thus the growth of food-processing sector is bound to have a positive cascading effect on the Income of the farmers by reducing wastages, apart from helping to provide better choice to consumers. India’s fast growing economy coupled with changing demographics will fuel high demand for value added food products in the future. Our food processing sector is poised to accelerate, if greater access to capital and technology is made available.

It is in this context, IMC Chamber of Commerce and Industry is organizing an Investors meet in New York on 5th Oct 2018, in collaboration with Gujarat Government and Invest India, Ministry of Commerce, GOI. Mr Raj Nair, President of IMC sharing this with the media stated that, “We need to consistently communicate with the large Investors in the developed economies like USA about the enormous potential of Indian Food processing sector for value creation. IMC is happy to take this initiative with our first meeting of the investors from USA and Canada. In addition to showcasing the overall potential of our food processing sector, we will also be highlighting some of the great success stories of the recent years.”

Mr Aashish Barwale, Chairman of Agri Business and Food processing committee of IMC added that,  “Union Food Processing industries Ministry, ands Commerce Ministry have been very supportive of such initiatives. IMC is working closely with Invest India, Commerce Ministry on this initiative” IMC  is planning to make such communication meetings  a periodic feature, and  confident that this initiative will help in attracting large investments in to Indian Food processing sector, enabling significant value addition to all stakeholders in the future.

About IMC Chamber of Commerce & Industry :The IMC Chamber of Commerce and Industry, popularly known as The IMC, is a well known Industry body  which has continuously  pursued the agenda of identifying opportunities, addressing critical issues and driving Indian businesses with the single minded focus of sustainable growth of the economy, for the benefit of the country. Headquartered in Mumbai and a strong presence in Delhi, the Chamber has more than 3000 members, comprising a cross section of the business community. It plays an advocacy role on a wide range of matters and acting as an impetus to growth and development of businesses, on policy and implementation matters

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