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Panel on food processing discusses FDI in retail

Our Bureau

New Delhi , Dec. 30

THE Group of Ministers on food processing sector on Thursday discussed a host of matters relating to the sector's growth, including the issue of foreign direct investment (FDI) in retail and tax sops to be extended in the forthcoming Budget.

Sources indicated that at the hour-long meeting various issues, including how to achieve the targets set in the Vision document 2015 prepared by the Ministry of Food Processing were discussed.

The GoM was constituted earlier this month to work out inter-Ministerial strategies to realise the goals laid down in the `Vision Document'.

The GoM is headed by the Agriculture Minister, Mr Sharad Pawar, and includes the Finance Minister, Mr. P Chidambaram, the Commerce Minister, Mr Kamal Nath, and the Small Industries Minister, Mr Mahavir Prasad, apart from having representation from the Planning Commission.

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