Ontario Minister Mr. Harinder Thakhar ready to help India in food
New Delhi, Feb.19, 2007
Minister of State for Food Processing Industries Subodh Kant Sahay
has said, India's robust economic growth has opened vast investment
opportunities which Canadian companies should utilize to invest
in its food processing sector.
In response to the Minister's request, Ontario Minister
for Small Industries and Entrepreneurship, Harinder Thakhar
said Ontario government was ready to help India in setting Food
Safety and Standards Labs for quality control of agro-product.
Ontario government was also ready to help India in setting up a
National Institute of Food Technology Entrepreneurship and Management
that would produce world class entrepreneurs.
The Ontario government welcomed new opportunity for partnerships,
Thakhar, also assured the Minister that the government would encourage
Canadian companies and members of Indo-Canadian community to invest
in India in food processing sector as this was the area very close
to his heart.
"Agro-Food sector is undergoing revolution in India, and
it is right time that the Canadian companies should invest in the
country in this emerging sector as the government is providing them
a number of tax and other incentives," he said while inaugurating
an exhibition of Indian processed food products at the International
Food and Beverage show at Toronto.
Over 650 companies from 27 countries, including India, USA, Canada,
Great Britain, Barbados, Korea, New Zealand, Greece and Indonesia
are participating in the show.
Eleven top Indian foods processing companies are participating
in the three-day exhibition organized by the Agricultural and Processed
Food Products Export Development Authority (APEDA) in collaboration
with Marine Product Export Development Authority (MPEDA).
The minister said the government proposed to set up 'Mega Food
Processing Park' in each State to encourage foreign direct investment
and investment from NRIs, and they would act as a Centre of Excellence.
Later addressing top executives of Canadian Food Processing companies
and Indo-Canadian business leaders, he said India needed Canadian
know how in food processing sector and invited Indo-Canadian business
community, and Canadian companies to invest in this emerging sector.
Satish Mehta, Consul General of India said a silent revolution
was going on in agro-food sector in India and it was the great opportunity
for NRI and Canadian companies to invest in this sector which was
one of the largest in terms of production, consumption, export and
The Minister said a number of Canadian companies have shown interest
in setting up supply cold storage chain in the country.
Sahay, said the entire sector has been deregulated and no industrial
license was required except in case alcoholic beverages and items
reserved for small scale sector.
Automatic approvals up to 100 percent were permissible except in
few cases, the Minister added.