India, ASEAN can dominate world food mkt: Harsimrat Kaur Badal
New Delhi: India and the ASEAN nations have the potential to dominate the world food market by maximising opportunities in the processing sector, Union Minister Harsimrat Kaur Badal said today.
Each of the 10 southeast Asian nations of the ASEAN group can benefit from each other's experiences and share technologies in the field of food processing, she added. The 10 ASEAN group members are Brunei, Cambodia, Indonesia, Malaysia, Myanmar, Singapore, Thailand, the Philippines, Laos and Vietnam.
Badal also called for the optimum utilisation of limited natural resources and reduction of the post harvest farm losses.
"All eastern countries, who are in close proximity, could actually play an important role in exchange of ideas and know-how, and become really a strong and powerful area to control the world food market," Badal said the ASEAN-India Business meet organised by industry body CII.
The future food needs will be met by eastern countries, she said, adding that western nations have breached a threshold of crop yields. "The future lies in eastern economies, which are largely dependent on agriculture.
No matter how big or small a country, agriculture plays a key role in all eastern countries," she said. Therefore, both India and ASEAN nations should come together to become major food supplier in the global food market.
"This is because in future, if there is any de- stability, it could be due to food or water," she noted. Highlighting measures taken by India to promote food processing, Badal said the government has launched a agro- marine processing scheme SAMPADA to promote food processing with a budget of Rs 6,000 crore.
With improvement in the 'ease of doing business' here and rich availability of agri-produce, India has attracted USD 11.25 billion investment from the private companies in the food processing sector, she said.
The country's food processing level is only at 10 per cent currently and it wants to double it, she added. Speaking on the occasion, Lao People's Democratic Republic Minister to the PMO Alounkeo Kittikhoum suggested that India can assist ASEAN in improving crop yields and generating higher production through joint ventures and transfer of technologies.
Agricultural and Processed Food Products Export Development Authority (APEDA) Chairman Devendra Kumar Singh said both India and ASEAN can collaborate to meet future food challenges.
India can help ASEAN nations to produce organic products besides being supplier of processing items such as lactose- free milk, gluten free wheat and nutrition-rice millets, he added. Expressing concern over decline in India's exports to ASEAN, Sunil Healthcare Chairman and Managing Director Anil Khaitan said that the outbound shipments have dropped since the signing of free trade pact with ASEAN in 2010. "I urge the government to look into the reasons behind this," he added.
Vijayan extended his govt's full support to writers, days after a noted author decided to withdraw his novel following alleged threats from right-wing groups.
Quiet conditions prevailed at the local steel market in the national capital today as prices by and large moved in a narrow range in limited deals and pegged at last levels.
The 7.17 per cent 10-year benchmark bond maturing in 2028 dropped to Rs 95.77 from Rs 95.9250 previously, while its yield edged up to 7.81 per cent from 7.79 per cent.
Only in Delhi and four Union territories all schools, including the elementary, secondary and higher secondary ones, have electricity connection, according to an HRD Ministry data.
A government constituted committee has submitted recommendations for short and long term measures to prevent illegal cultivation of Herbicide Tolerant (HT) cotton in the country, the Rajya Sabha was informed.
The station, which was named after Lord Elphinstone, the Governor of Bombay Presidency from 1853 to 1860, has now been renamed in honour of a local deity.
Lavasa -an ultimate getaway, a city that would offer the charms of European locales, with five star comforts in a scenic part of Maharashtra has now become an abandoned town.
A second chargesheet by the ED has confirmed the trail of illegal cash Mallya transferred to his accounts across global tax havens.
Delayed payment by GMR-led DIAL, the Delhi airport operator, to the CISF guards could eventually lead to passengers paying more to fly out of the Indian Capital.
The West Bengal Police has claimed to have busted a Rs 100 crore plus job racket in the Indian Railways following a crucial arrest in the Indian Capital.