
Summary:
Mr. Chirag Paswan, Union Minister of Food Processing Industries, advocated for expanding India’s processed food sector into global markets at the World Economic Forum (WEF) Annual Meeting, emphasizing its immense growth potential. Appointed by Prime Minister Narendra Modi, he views this role as critical to supporting India's agricultural sector. Paswan highlighted the sector's importance in improving farmers' livelihoods and promoting rural entrepreneurship, particularly through advancements in post-harvest solutions.
He noted the growing global appreciation for Indian flavors, especially spices, and the rising demand for processed foods. Exports have increased from 13-14% to 23-24% over the past decade, reflecting the sector’s international growth potential. His goal is to elevate Indian food brands globally, strengthening India's position in the global food processing industry and contributing to the country’s vision of becoming a developed nation by 2047.
Source: IBEF
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