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FDI in Food Processing Industries wanted
Our Bureau
Date of posting: 06-01-12
      Ministry of Food Processing Industries has pointed out a few important aspects in the last weeks, one being FDI in food processing.

      To increase the Foreign Direct Investment (FDI) in the food processing sector, the Government had permitted 100% FDI in all the processed food items through the automatic route, which means that there is nor approval required, companies are free to decide. This happened several years back already.

      The total inflow of FDI in Food Processing Sector during the last 3 years gives a mixed picture, it was 858 RS crore (USD 188 million) in 2010-11, 1314 Rs. crore (USD 279 million) in 2009-10, after 456 Rs. crore (USD 103 million) in the year 2008-09.

      Dr. Charan Das Mahant of the Ministry of Food Processing Industries has also informed about the impact of FDI on the food sector. According to him, FDI would not only complement and supplement domestic investment but also brings state-of-art technology and best managerial practices, thereby providing better access to foreign technology to the domestic industry. The integration of the Food Processing Industries with the global market would be facilitated.

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