India's cabinet earmarks 109 bln rupees as incentives for food processing sector
Global Economy
31 March, 2021, 03:45 pm
Last modified: 31 March, 2021, 03:47 pm
The plan would help attract investment in the sector, step up processed food exports from India and boost farmers' income, Indian trade minister told a news conference
FILE PHOTO: Piyush Goyal, India's Minister of Railways and Minister of Commerce and Industry, attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 21, 2020. REUTERS/Denis Balibouse
Prime Minister Narendra Modi's cabinet on Wednesday approved a proposal to earmark 109 billion rupees ($1.49 billion) in incentives to strengthen the food processing sector, Trade Minister Piyush Goyal said.
The plan would help attract investment in the sector, step up processed food exports from India and boost farmers' income, Goyal told a news conference.
($1 = 73.21 rupees)
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