India and the UAE will set up a food corridor with an expected investment of $2 billion which will cater to the UAE market and beyond and help Indian farmers earn higher income and create more jobs, Union Minister Piyush Goyal said.
Addressing a press conference on the 12th meeting of India-UAE High-Level Task Force on Investment here, Goyal, who is the Minister for Commerce and Industry, said that a small working group comprising central government, state governments involved and the UAE has also been set up to take forward the establishment of food corridor between the two countries on a mission mode basis.
“Now, we are looking at progressing them faster to make sure that investments in food processing can come up in India with UAE investors and the UAE Market along with other Gulf markets,” he added.
