Union minister Harsimrat Kaur Badal has urged UK companies to invest in India's food processing value chain.
"India is a USD 600 billion retail sector, of which 70 per cent is just food retail. This is set to treble in the next three years and in the next five years, Indians will be spending 50 per cent more on food. That is the kind of huge market we have. This market is waiting for you in India to participate in any part of the food processing value chain," Badal said at the Indian High Commission in London on Friday while addressing a round-table to promote her ministry's first-ever World Food India summit in New Delhi in November.
"India-UK share many warm bonds and I hope we can take our food diplomacy to the next level with World Food India," she said.