India and the UAE will set up a food corridor with an expected investment of $2 billion which will cater to the UAE market and beyond and help Indian farmers earn higher income and create more jobs.
Addressing a press conference on the 12th meeting of India-UAE High-Level Task Force on Investment, Sh. Piyush Goyal, said that a small working group comprising central government, state governments involved and the UAE has also been set up to take forward the establishment of food corridor between the two countries on a mission mode basis.
Another area which was discussed in great detail was the setting up of food parks in India. The background work is largely completed, (this is) another area which will help farmers with higher income, provide jobs in food processing to thousands if not lakhs of our youth and will also ensure the food security of UAE.
He said that approximately $2 billion dollars is the initial commitment that UAE has made to invest in the food processing industry and the food park logistics that can be required to move the material to the UAE.
We have set up a small working group of Central Government and state governments involved and the UAE to take forward this establishment of a food corridor between the two countries on a mission mode basis.
Now, we are looking at progressing them faster to make sure that investments in food processing can come up in India with UAE investors and the UAE Market along with other Gulf markets.India and the UAE will set up a food corridor with an expected investment of $2 billion which will cater to the UAE market and beyond and help Indian farmers earn higher income and create more jobs.
Addressing a press conference on the 12th meeting of India-UAE High-Level Task Force on Investment, Sh. Piyush Goyal, said that a small working group comprising central government, state governments involved and the UAE has also been set up to take forward the establishment of food corridor between the two countries on a mission mode basis.
Another area which was discussed in great detail was the setting up of food parks in India. The background work is largely completed, (this is) another area which will help farmers with higher income, provide jobs in food processing to thousands if not lakhs of our youth and will also ensure the food security of UAE.
He said that approximately $2 billion dollars is the initial commitment that UAE has made to invest in the food processing industry and the food park logistics that can be required to move the material to the UAE.
We have set up a small working group of Central Government and state governments involved and the UAE to take forward this establishment of a food corridor between the two countries on a mission mode basis.
Now, we are looking at progressing them faster to make sure that investments in food processing can come up in India with UAE investors and the UAE Market along with other Gulf markets.