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India Invites Entrepreneurs From Lebanon to Invest in Mega Food Parks and Cold Chain

A Lebanese delegation under the leadership of Agriculture Minister of Lebanon, Mr. Akram Chehayeb met Union Agriculture Minister Shri Radha Mohan Singh in New Delhi today. Shri Radha Mohan Singh urged Lebanon’s delegation to avail investment opportunities in India in the setting up of Mega Food Parks and Cold Chain for ensuring better supply chain. Shri Singh asked Lebanon to participate in international food fairs to promote exchange of information on processing techniques including modern technologies of fruits and vegetables and new packaging techniques for food products. Institutional cooperation for exchange of information on research and development and transfer of technology and know-how can also be entered into, he added.

Mentioning Agricultural trade between the two countries, he emphasised the need for encouraging potential trade opportunities and cooperation in agriculture sector to enhance bilateral relations. He said that during the period 2013-14, India’s total export of agricultural commodities to Lebanon was US$ 69.41 million and during the same period agricultural import from Lebanon was US$ 0.47 million. Shri Singh said that Lebanon imports from other countries of the world agricultural items such as fresh potatoes and tomatoes, durum wheat and sugar in which India has potential to export to Lebanon Shri Singh requested to explore possibilities for importing of these and other items from India to enhance bilateral trade between the two countries.

Responding to India’s request to facilitate bilateral trade, Lebanon Agriculture Minister Mr. Akram Chehayeb said that Lebanon is keen to enhance bilateral relations to newer heights. In this regard, he requested to simplify visa procedures which will eventually help to strengthen bilateral trade.

GG:SB:CP: Investment opportunities in India 06.02.2015

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