Union Minister for Food Processing Industries Chirag Paswan Thursday announced that investment commitments worth over ₹1 lakh crore have been signed at the ongoing World Food India 2025 in New Delhi.

“World Food India has been organised with the idea that all stakeholders of the food processing sector get a platform so they can share their technology, innovation, and ideas,” Paswan said while addressing a session at the event, ANI quoted him as saying. 

He underlined that this year’s edition has seen the largest number of Memorandums of Understanding (MoUs) being signed since the inception of the global food and agri-investment summit. 

“Just yesterday, I mentioned to the Prime Minister that we signed the largest number of MoUs at this year’s World Food India. We signed MoUs worth over ₹1 lakh crore,” he said, as quoted by ANI.

Paswan also pitched his home state, Bihar, which is due to go to the polls later this year, as an investment destination, stressing that it holds immense untapped potential in food processing. 

“Yesterday I asked all the investor companies how much they are investing in Bihar. There is unending investment potential in Bihar. This knowledge needs to reach investors,” he added.

Prime Minister Narendra Modi on Thursday, while inaugurating the World Food India 2025, had underlined India’s growing role in ensuring global food security, stressing that the country’s diversity, demand, and scale provide unmatched opportunities for international investors in the food sector. 

PM Modi had also urged global players to expand their footprint in India as the sector undergoes rapid transformation driven by innovation.

“In the last 10 years, 25 crore people in India have overcome poverty. Today, India is the world’s third-largest start-up ecosystem, with many start-ups working in the food and agriculture sectors,” Modi said. 

As part of the government’s push to strengthen the food processing ecosystem, the Prime Minister also announced credit-linked assistance of more than ₹770 crore to nearly 26,000 beneficiaries. The support will help implement micro projects worth over ₹2,510 crore under the Pradhan Mantri Formalisation of Micro Food Processing Enterprises Scheme.

The package is seen as one of the major highlights of World Food India 2025, the flagship event of the Ministry of Food Processing Industries, which serves as a platform to showcase India’s agricultural strengths and attract global investment into the sector.