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India, UAE chalk out plans for joint food corridor

India and UAE plans to create a food corridor and reserve that will benefit two million farmers and create additional 200,000 jobs across India.

Elaborating on the idea of the corridor to media in UAE, Indian Ambassador to UAE, Navdeep Singh Suri stated, “Prime Minister Narendra Modi suggested to the UAE leadership that just as the two nations partnered on energy security, we could also partner in food security.”

The joint food corridor will use India’s fertile land that grows enough food to feed 1.2 billion people. However, 30 per cent of that food is wasted. The UAE could bring in the required investments for mega food processing parks, huge cold storage facilities, warehousing, logistics and transport facilities, so that when the crop comes into the market, the UAE entities can buy food at a cheaper price. “The UAE benefits from it and farmers also get a better price,” the ambassador explained.

Savio Rodrigues

Savio Rodrigues Founder & Editor-in-Chief GoaChronicle.com

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