British investors to set up cold storage facility
New Delhi, July 7 (UNI) British investors have responded positively to the proposal of setting up cold storage facilities and joint quality control testing facilities for agricultural products in India, according to MoS Food Processing Industries Subodh Kant Sahai.
''I have suggested setting up joint quality control testing facilities in India so that the percentage of rejection (exported agriculture products) becomes minimal,'' Mr Sahai, who was on a three-day visit to the UK, said.
India needs Rs 100,000 crore investment to provide adequate number of cold storages and create Mega Food Parks, he informed.
He said government planned to have a single integrated food and quality control law in the country to create a single authority and the draft legislation would be introduced in the next session of Parliament.
Following his meeting with Sir Evlyn de' Rothschild, Mr Sahai said Sir Rothschild expressed his interest in investing in Agri-infrastructure, setting up of mega food parks with backward linkages and forward linkages like perishable cargo centres and efficient supply chain mechanism.
He said Chairman of the Hinduja Group S P Hinduja, whom he held a meeting with on Wednesday had shown ''keen interest in exploring business opportunities in supply chain logistics, which is a crucial linkage in management of Agribusiness.'' Mr Sahai also met Lord Rooker, British Minister of state for Sustainable Farming and Food in the Department for Environment, Food and Rural Affairs (DEFRA) to discuss exchange of technology in Agribusiness. They also discussed Regulation and Law for Quality Control in the UK also figured.
Pointing out to the scope for investment to improve the infrastructure in establishing cold storages, he said, ''India is currently processing only 7 per cent of its agriculture products as against 70 to 80 per cent in the UK.'' Mr Sahai also met Sir Steward Hampson at Waitrose Pavilion in the Royal Agricultural Show. He said Waitrose has shown keen interest in investing in Food Chains in India.
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