Addressing the 12th Indo-US Economic Summit, the minister also shared a roadmap on how the industries and governments in the two countries can collaborate to make India the food factory of the world.
"Despite myriad challenges, Indian farmers have been producing enough to feed 1.3 billion people of India. Unfortunately, food technology has not matched this pace. 40 per cent food is still wasted at the harvest and transportation level in the country," Badal said.
Talking about the new scheme SAMPADA, the minister said it is for development of small and medium scale processing clusters close to the growing areas of the specific farm produce.
She added that further investments in building cold chains, food testing labs and storage hubs at farm level will help in building a strong ecosystem.
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Badal also emphasised the need to build Indian food as a brand in a big away as she shared how leading food retailers around the world are keen in manufacturing in India and taking that produce to their key markets.
Currently, US-India bilateral food trade stands at USD 5-6 billion, he added.
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