AI Technology

New Industrial policy to encompass Artificial Intelligence, IoT technologies to open new vistas for investments


In a bid to give a fillip to industry and an impetus to trade and industry, the government is expected to announce a new industrial policy soon. The proposed policy will encompass the use of new technologies such as Artificial Intelligence and IoT which will open new avenues for investments in India.

Speaking at the 13th edition of ‘Annapoorna World of Food India 2018’, organized by FICCI in association with Koelnmesse GmBH, Mr Rajiv Aggarwal, Joint Secretary, Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India, said, ‘The Food Processing Sector is one of the emerging sectors in our country. The government of India’s policy regime and robust business environment have ensured that foreign capital keeps flowing into the country. The government will relax FDI regulations to give a boost to the Food Processing Sector.”

While sharing his views via a video message Mr Suresh Prabhu, Minister for Commerce and Industry, Government of India, stated, India produces 600 million tonnes of agriculture and horticulture products. We are working on different areas like agriculture policies, export and import policies, and food parks to boost the growth of the industry. Annapoorna World of Food India 2018 is a great platform which gives an opportunity to connect with all the stakeholders and explore various possibilities of growth”.

The three-day event is being attended by buyers and sellers from 30 countries with 297 exhibitors showcasing the latest technologies and trends in the food and beverage industry and 7,000 scheduled B2B meetings are to be held. The special seminars during the event will focus on the emerging trends and investment opportunities in Indian Food Processing Sector.

Mr L N Gupta, Additional Chief Secretary, Department of MSME, Government of Odisha and Dr Satyanand, Commissioner, Horticulture, Government of Madhya Pradesh, also shared details on the trade and investment opportunities in their respective states and urged the industry to exploit the potential.

This message is intended for the addressee only and may contain confidential or privileged information. The communication is the property of FICCI and its affiliates and may contain copyright material or intellectual property of FICCI and/or any of its related entities or of third parties. If you are not the intended recipient of the communication or have received the communication in error, please notify the sender or FICCI immediately, return the communication (in entirety) and delete the communication (in entirety and copies included) from your records and systems. Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful.

Related posts

Vahan Announces its AI-driven Assistant for Automate Recruitment

SSI Bureau

Capillary Technologies’ AI Powered Solution helps YLG Salon Strengthen its Customer Relationship Strategy

SSI Bureau

The Virtual Recruitment trend picks up in the 3rd Quarter of this fiscal, Wheebox takes the Concept to its Next Phase!

SSI Bureau

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More