In a bid to give a fillip to industry and an impetus to trade and industry, the government is expected to announce a new industrial policy soon. The proposed policy will encompass the use of new technologies such as Artificial Intelligence and IoT which will open new avenues for investments in India. Rajiv Aggarwal, Joint Secretary, Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India, said, "The Food Processing Sector is one of the emerging sectors in our country. The government of India's policy regime and the robust business environment has ensured that foreign capital keeps flowing into the country. The government will relax FDI regulations to give a boost to the Food Processing Sector."