UAE invests $2 billion in Hi Tech Food Parks in India – ITP.net

UAE invests $2 billion in Hi Tech Food Parks in India – ITP.net

UAE has invested 2 billion USD to develop food parks in India to help alleviate food insecurity issues in South Asia and the Middle East. The statements as per a Reuters news report, were made during a virtual summit with UAE, Israel USA, and Indian leaders.

Using advanced climate technology, the Food parks would minimize waste; conserve water while maximizing crop yields. The crops that will be focused on will include potatoes, rice and onions.

Vinay Kwatra, Indian foreign secretary stated, “ Apart from benefiting local farmers, the food parks would help reduce trade barriers and unify food safety standards. They would also provide India with an opportunity to benchmark its perishable food products for global export and allow Indian produce access to the strategic Gulf markets starting with UAE.”