The objective of the Global Economic Summit was to project the global trade and investment potential sphere headed by India which was achieved through a large extent with the support of over 300 Business to Business meeting organized to forge global alliances and the presentations made by the heads of various regions, policy decision makers and special Envoys to India provided the perfect platform for investors to assess the Investment market globally. Over 35 countries participated in presenting their investment opportunities during the 2-day Summit.
Mr. Subodh Kant Sahai, Minister of Food Processing Industries, Govt. of India in his inaugural address said, “Government has approved the scheme for the establishmentof Mega Food Parks, for which Rs.50 crore worth grant would be provided by the Central Government for each Mega Food Park. We will set up 10 such Mega Food Parks initially, out of the total proposed 30 Mega Food Parks during the 11th Plan period.
Storage and logistics of the agri-produce is another major challenge. World over logistics cost of entire processing chain works out to be 6% of the product cost in case of India it is as high as 11%.He hoped that this cost would be brought down.
Maharashtra State had played a vital role in India’s success story during last decade. Maharashtra is the first State in India to formulate new Industrial policy, ITES policy, BioTech Policy, Township Policy and now new IT Policy, said Mr. Ashok Chavan, Chief Minister of Maharashtra in his keynote address.Maharashtra has led Industrial development and investment in India and consolidated its position as the most favoured investment destination of the country.
Age of Red tapism in the State is now over and we welcome all investors with Red Carpet. Our efforts are towards providing more quality infrastructures, improve quality of services and Governance to have an edge over the other States, said the Chief Minister.
