As per extant
Policy, FDI up to 100%, under the automatic route, is allowed in food
processing industries. Further, 100% FDI under Government route for retail
trading, including through e-commerce, is permitted in respect of food products
manufactured and/or produced in India.
Data on foreign
investment in India is maintained remittance wise, which is very voluminous and
is available in public domain at the website of Department of Industrial Policy
& Promotion at www.dipp.nic.in under the heading `Publication’ at ‘SIA
Newsletter’. However, the statement on financial year wise FDI equity inflows
from April 2014 to May 2017 in food products sector and food processing
industries, as maintained is as under
Food Products
|
Sl No
|
Year
|
FDIin
US$ million
|
|
1
|
2014-15
Apr-Mar
|
342.50
|
|
2
|
2015-16
|
434.92
|
|
3
|
2016-17
|
562.40
|
|
4
|
2017-18
Apr-May
|
182.40
|
|
|
Grand
Total
|
1,522.23
|
Food Processing Industries
|
Sl
No
|
Year (Apr-March)
|
FDI
in US$ million
|
|
1
|
2014-15
|
515.86
|
|
2
|
2015-16
|
505.88
|
|
3
|
2016-17
|
727.22
|
|
4
|
2017-18
Apr-May
|
187.90
|
|
|
Grand
Total
|
1,936.86
|
The Government
reviews FDI policy on an ongoing basis with a view to liberalise and simplify
the FDI policy so as to provide ease of doing business in the country leading
to larger FDI inflows. However, no such estimation/ assessment are possible, as
FDI is largely a matter of private business decisions.
This
information was given by the Commerce and Industry Minister Smt. Nirmala
Sitharaman in a written reply in Lok Sabha today
********
MJPS