About the Author: Robert D. Hormats serves as Under Secretary of State for Economic Growth, Energy, and the Environment.
I recently spoke at the 13th annual Delhi Sustainable Development Summit in New Delhi, India. My remarks focused largely on the importance of creating a good environment for investment in the agricultural sector. I emphasized the particular need to improve food supply chains that connect farmers to markets. Significant additional improvements in food supply chain infrastructure are needed to reduce post-harvest food losses, which are disturbingly high in many parts of the world.
Some important progress already has been made. The Government of India recently took steps to open India’s multi-brand retail sector to encourage foreign direct investment. This investment is critical for India’s overall economic growth prospects as well as the development of India’s food storage and distribution industry. As Indian Prime Minister Manmohan Singh explained, an organized and efficient… more »