The new industrial policy which will be announced soon will encompass the use of new technologies such as Artificial Intelligence and IoT, said a top official of the Department of Industrial Policy and Promotion.

Speaking at the 13th edition of 'Annapoorna World of Food India 2018', organized by FICCI in association with Koelnmesse GmBH, DIPP Joint Secretary Rajiv Aggarwal said the new industrial policy will open new avenues for investments in India.

Speaking on the food processing sector, he said the Food Processing Sector is one of the emerging sectors in our country.

The Centre's policy regime and robust business environment have ensured that foreign capital keeps flowing into the country. The government will relax FDI regulations to give a boost to the Food Processing Sector, he added.

While sharing his views via a video message  Suresh Prabhu, Minister for Commerce and Industry, stated, India produces 600 million tonnes of agriculture and horticulture products.

"We are working on different areas like agriculture policies, export and import policies, and food parks to boost the growth of the industry. Annapoorna World of Food India 2018 is a great platform which gives an opportunity to connect with all the stakeholders and explore various possibilities of growth," he said.