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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