FDI goes up 24% in Food Processing Sector in Financial year 2017-18

National News

Business Mantra News

  • As per an official data, 24% increase has been noted in the Foreign Direct Investment (FDI) inFood Processing Sector during the Financial Year 2017-18 which goes upto US $904.9 Million. While the FDI inflow in the Food Processing Sector mounted at US $727.22 Million in the Financial Year 2016-17.
  • The data revealed that there came significant increase in the FDI in Food Processing Sector in the Financial Year 2017-18 as the same were noted US $505.88 Million and US $515.86 in the Financial Years 2015-16 and 2014-15 respectively.
  • Presently, Government permits 100 % Foreign Direct Investment in Food Processing Sector for trading of Food Products manufactured and produced in India.
  • In Feb, 2018, Food Processing Minister Harsimrat Kaur Badal had projected that FDI in Food Processing Sector could reach USD 1 Billion for theFinancial Year 2017-18.

About the author