India Pavilion at World Hydrogen Summit showcases Green Hydrogen Mission (See 'Corp Brief') Slum Rehabilitation Act - Preferential right to owner is available only when someone other than owner is being preferred and owner has never before been given or availed of right to develop : HC (See 'Legal Desk') CPC - Application can be dismissed as Intervener has already initiated its own remedy by way of independent Execution Petition : HC (See 'Legal Desk') SEBI Act - Appellant has not shown sufficient cause for condonation of delay in filing appeal : SAT (See 'Legal Desk') PMLA - When questions relating to legality of arrest is under consideration, more holistic and libertarian view is to release Chief Minister of Delhi on interim bail for Lok Sabha General Elections : SC (See 'Legal Desk') Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 - Order for forfeiture of properties is rightly made as property is occupied through lllegal earning : Tribunal (See 'Legal Desk') Arbitration Act - As petitioner is not notified as 'financial institution' or 'bank' under RDB Act, there is no bar on parallel proceedings to co-exist under A&C Act as well as SARFAESI Act : HC (See 'Legal Desk') Cr.P.C. - Once order issuing process has been set aside, then applicant has no right to file application u/s 482 of Cr.P.C. for quashment of complaint case : HC (See 'Legal Desk') Summer Power demand expected to be adequately met during both day and night (See 'Corp Brief') Competition Act - WordPress.org is justified in taking appropriate action against any developer found non-compliant with prescribed standards and regulations : CCI (See 'Legal Desk') Ministry of Skill signs MoU with Mahindra Ltd to conduct two Pilot Projects (See 'Corp Brief') SEBI Act - Operation of order can be stayed for appellant as he has resigned and has no role to play in decisions made thereafter for continuation of schemes : SAT (See 'Legal Desk') IREDA Global Green Energy Finance IFSC Limited incorporated in GIFT City (See 'Corp Brief') Trade Marks Act - Petitioner has no locus to challenge order as petitioner is not claiming itself to be manufactory in Madhya Pradesh and registration of its label under M.P. Beer & Wine Rules : HC (See 'Legal Desk') SARFAESI Act - Discretion to grant reduction in pre-deposit rests with DRAT and Petitioner has failed to make out any ground for interference : HC (See 'Legal Desk') Constitution of India - Petitioner is entitled for Capital subsidy : HC (See 'Legal Desk') Coast Guard inks MoU with Jindal Steel for boosting indigenous manufacturing capacity (See 'Corp Brief') Companies Act - Winding up proceedings pending before High Courts, which are at nascent stage and have not progressed to advanced stage, can be transferred to NCLT : HC (See 'Legal Desk') PMLA - Considering involvement of applicant in selling fake Remdesivir injection at higher price, applicant is not entitled for anticipatory bail : HC (See 'Legal Desk') Arbitration Act - Any amicable settlement not incompatible with arbitration agreement is encouraged by Arbitral Tribunal : HC (See 'Legal Desk') M.P. Nagar Tatha Gram Nivesh Adhiniyam, 1973 - Order passed by respondents is devoid of merit as land of petitioner is left open for purpose of any future road expansion : HC (See 'Legal Desk') Arbitration Act - Since appellant has failed to establish loss suffered, Arbitral Tribunal rightly rejected appellant's claim in this regard : HC (See 'Legal Desk') PMLA - Arrest order and consequent remand order are not illegal : HC (See 'Legal Desk') Keel-laying ceremony performed at Goa Shipyard (See 'Corp Brief') Companies Act - Winding up proceedings pending before High Courts, which are at nascent stage and have not progressed to advanced stage, can be transferred to NCLT : HC (See 'Legal Desk') SEBI Act - Extension of time can be allowed to SEBI to complete investigation : SAT (See 'Legal Desk') Arbitration Act - Respondent no.3 is not liable for repayment obligations of financial facilities extended by appellant to respondent no 1 company : HC (See 'Legal Desk') Mineral production grows by 8 percent in February (See 'Corp Brief') SARFAESI Act - Court refrains to adjudicate matter on merits when matter is already pending in DRAT : HC (See 'Legal Desk') Coal production in April up by 7.4% (See 'Corp Brief') SEBI Act - Appellants have made case for stay as rigours of directions of SEBI order would adversely affect business of Appellant as well as their clients : SAT (See 'Legal Desk') Trade Mark Act - Marks 'BETSONE' and 'BETASON' are deceptively similar to registered trademark 'BETNESOL' and visually, phonetically and structurally alike, with minimal alterations : HC (See 'Legal Desk') Voting by tribal communities blossoms as ECI's outreach to them bears fruit (See 'Corp Brief') SARFAESI Act - No fault can be found with respondent financial institution invoking Section 14 of SARFAESI Act by approaching District Magistrate, Rewa : HC (See 'Legal Desk') Ministry of Parliamentary Affairs observes Swachhata Pakhwada (See 'Corp Brief')

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New opportunities opening up in food processing sector: MoS

Published: Jun 23, 2020

By TIOLCORPLAWS News Service

NEW DELHI, JUNE 23, 2020: Ms Harsimrat Kaur Badal, Union FPI Minister, launched the Food Processing Edition of the Exclusive Investment Forum by Invest India, the National Investment Promotion & Facilitation Agency of the Government of India yesterday.

Invest India has designed this forum of unique sectoral series to conduct detailed conversations between global industry leaders and key decision makers from the highest levels of the Union & State Governments of India. The forum witnessed participation from the senior most policy makers from Union Government and 6 State Governments - Andhra Pradesh, Assam, Madhya Pradesh, Punjab, Telangana and Uttar Pradesh. 180 companies from 18 countries also participated in the forum.

Union Minister said that due to the COVID pandemic, the sector has seen unique challenges and has been playing a very important role in ensuring that the lockdown was successful. A few challenges that are currently being faced are those related to global trade which has seen a dip along with the dip in domestic demand.

Ms Badal opined that these challenges are leading to opening up of new opportunities such as this exclusive forum which has made it possible for over 180 investors, 6 state governments and the Central government to be at the same place at the same time.

Union Minister further explained all participants about the myriad opportunities available in the Indian food processing sector and informed that many MoFPI funded projects have also been getting new orders from new geographies recently. With the focus on importance of nutritional food, people know that the Indian metabolism has managed to handle COVID better than many other countries. Superfoods in India need to be highlighted to the western world. Additionally, the Ready to Eat segment is a low hanging fruit where global retailers can look at keeping Indian food in their stores.

Union Minister informed the participants about Government's decision of forming Empowered Group of Secretaries (EGoS)' and 'Project Development Cell' (PDC) in Ministries / Departments for attracting and supporting domestic as well as foreign investments. Participants were apprised of the establishment of dedicated Investment Facilitation Cell of MoFPI at Invest India for handholding both domestic and foreign investors for doing business in India.

Union Minister concluded by saying that the ministry  would support all states to pick up on the 'go vocal for local' thought. As companies are moving away from countries they were importing from, it is time that the State and Centre come together in facilitating these companies in structure and efficient manner. MoS, FPI, Mr Rames war Teli said that as India reopens for business, the Central and States governments are making strong policy decisions to help investors take advantage of growth opportunities in the country. Critical aspects for investment decisions ranging from policy incentives, industrial zones, infrastructure capabilities, to special investor facilitation services were also discussed at the Forum so as to make India the next Global Investment hub.

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