by Chaitanya Kalbag, Business today, 08 Aug 2010.
Our post-harvest wastage of food is estimated at over Rs 45,000 crore - enough to feed a good-sized European country.Our growing per capita incomes fuel rising demand for packaged and processed foods.But we will likely buy Chinese apples, not home-grown ones from Kinnaur. The government issued a discussion paper on foreign direct investment in multi-brand retail, opening the door a crack for giant food retailers like Wal-Mart and Carrefour. About time. The Eleventh Five-Year Plan said "modern food retailing... offers the prospect of lower marketing costs and reduced spoilage leading to lower prices for consumers and higher realisation for farmers".
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