Prime Minister inaugurates World Food India 2023

Source: The post is based on the article “Prime Minister inaugurates World Food India 2023” published in “PIB” on 3rd November 2023

Why in the News?

The Prime Minister has inaugurated the second edition of the ‘World Food India 2023’ in New Delhi.

What is World Food India 2023?

What are the key focus pillars of World Food India 2023?

1. Shree Anna (Millets): Leveraging India’s Super Food for the World: Millets are ancient grains that have been part of India’s rich heritage for millennia.They are super foods that provide high nutrition, gluten-free options, climate resilience, and eco-friendliness.

– The United Nations has declared 2023 as the International Year of Millets (IYM 2023) with the aim of increasing the production and consumption of millets worldwide.

2. Exponential Food Processing: Positioning India as the Global Hub: India has a vision to become a global hub for food processing and create a competitive advantage for itself in the world food market. Financing Agri Food Value Chains, especially supporting MSMEs, is a key focus area.

3.Strategic Segments: Unlocking Potentials for Growth: India is one of the world’s largest producers and consumers of food products.

– India leads the world in the production of milk, bananas, mangoes, papayas, guavas, ginger, okra and buffalo meat. It ranks second in the production of rice, wheat, potatoes, garlic, cashew nuts.

4.Creating an Inclusive and Efficient Ecosystem: Removing barriers and establishing a coordinated framework for inclusive opportunities. In line with this, government has allowed 100% FDI under the automatic route in food processing industries in India

5.Sustainable Development for Prosperity: Embracing sustainable practices, renewable energy and eco-friendly agricultural and food processing methods for a more sustainable future.

UPSC Syllabus: Indian Economy (Food Processing Industry)