FDI in food processing rises 44 pc to USD 904.7 mn in 2019-20

Currently, 100 per cent FDI in the food processing sector is allowed through the automatic route.In 2016, the Centre allowed 100 per cent FDI through the approval route for retail trading, including through e-commerce, in respect of food products manufactured and produced in India.

Foreign direct investment (FDI) in the food processing sector rose 44 per cent to USD 904.7 million in the financial year 2019-20, according to government data. The sector had received FDI worth USD 628.24 million in 2018-19 and USD 904.90 million in the financial year 2017-18.

"With 100 per cent FDI allowed by GOI (Government of India) & ease of doing business, India's food processing sector attracted global investors as it received FDI inflows worth USD 904.70 mn in the 2019-20 (up by 44 per cent over 2018-19)," the food processing ministry said in a tweet. Currently, 100 per cent FDI in the food processing sector is allowed through the automatic route. In 2016, the Centre allowed 100 per cent FDI through the approval route for retail trading, including through e-commerce, in respect of food products manufactured and produced in India.