Total transparency on investment: Centre

New Delhi: The government will refrain from sharing exaggerated figures on investments at the World Food India event this year until they are fully verified and materialized on the ground, Union Minister Chirag Paswan said on Wednesday.

Addressing media at the curtain raiser of World Food India’s third edition scheduled for September 19-22 here, the Food Processing Industries Minister sought to allay concerns over the status of investment made in the food processing sector during the last two editions. Responding to a PTI query on the status of investments made in the previous two editions and any plans to tighten MoU conditions, Paswan said, “Investments are promised while signing an MoU and there is a gestation period (for implementation).

It is only after that we come to know how much has been grounded. Henceforth when we talk about investment, we will mention those investments which can be grounded.” Paswan, who also launched a mobile app and website of the third edition, said, “We are very clear that we will not keep any big figures of investment before you which are not grounded.”