The Indian government is actively working to enhance the growth of the food processing sector, according to Food Processing Industries Minister Chirag Paswan.
During a recent consultation with over 100 executives from food companies, Paswan emphasized the importance of addressing challenges such as GST rates and ease of doing business to position India as a global hub for food products. The discussions aimed to gather insights from industry leaders to formulate strategies that promote investment and streamline operations within the sector, reflecting a commitment to bolster domestic food processing capabilities and exports.
Citations:
[1] https://www.business-standard.com/industry/news/food-processing-ministry-to-take-up-concern-on-gst-with-council-paswan-124091901191_1.html
[2] https://www.bssnews.net/business/211203
[3] https://www.thedailystar.net/business/news/hilsa-export-india-allowed-greater-interests-3709771
[4] https://www.automotivelogistics.media/trade-and-customs/chinese-finished-vehicle-exports-to-russia-in-jeopardy/45782.article
[5] https://agmetalminer.com/2024/03/04/india-chinese-imports-steel-prices/
[6] https://www.fastmarkets.com/insights/surging-exports-of-cheaper-chinese-steel-send-shockwaves-through-ferrous-markets/
[7] https://www.scmp.com/economy/global-economy/article/3279649/make-chinese-cars-russia-industry-group-urges-manufacturers-import-costs-mount
[8] https://english.news.cn/20240122/0303a59777944bf0b8b1fa2eab07722d/c.html