New Delhi: India will organise a three-day roadshow in UK beginning Monday to attract foreign direct investment (FDI) in the food processing sector.

The government recently allowed 100% FDI in multi-brand retail for food products produced and processed in India. Food processing industries minister Harsimrat Kaur Badal is leading a team of officials to London for the purpose, an official said.

UK is home to several big players which India can tap, including Tesco, Marks & Spencer (M&S) and Salisbury. The government has permitted 100% foreign direct investment in trading of food products, including through e- commerce, to provide a boost to the country’s food processing sector. Food processing secretary A.K. Srivastava had said that Walmart, the world’s largest retailer, is keen to retail processed food in India.

The food processing sector received FDI worth $1.04 billion during April 2014 to March 2015. The industry was valued at $39.71 billion in 2013 and is expected to grow at a CAGR of 11% to $65.4 billion by 2018.

Some of the major investments received in the last two years include Linde Group’s investment of $200 million in seafood segment in Andhra Pradesh, and US-based Mondelez International’s new manufacturing plant in the state.

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