To increase the Foreign Direct Investment (FDI) in
food processing sector, Government has permitted 100% Foreign Direct Investment
(FDI) in all the processed food items through automatic route.
Total inflow
of FDI in Food Processing Sector during the last 3 years are as follows:
-
|
Sl.No.
|
Year
|
FDI Rs in crore
|
FDI US Million $
|
|
1.
|
2008-09
|
455.59
|
102.71
|
|
2.
|
2009-10
|
1314.23
|
278.89
|
|
3.
|
2010-11
|
858.03
|
188.67
|
Ministry
of Food Processing Industries has not conducted any study to assess the impact
of increased inflow of FDI in retail. However, Foreign Direct Investment (FDI) not only complements
and supplements domestic investment but also brings state-of-art technology and
best managerial practices, thereby providing better access to foreign
technology to the domestic industry. Thus enabling easy integration of our Food Processing Industries
with the global market.
Ministry is providing
financial assistance to various research institutions not only for improvement
of quality and development of new products but also for innovative technologies
in the Food Processing Sector for moving towards self sufficiency in respect of
indigenous technology pertaining to food processing industries/sector.
This information was given by the Minister of State for Food Processing
Industries, Dr. Charan Das Mahant
in a written reply in the Lok Sabha
today.
MP:
SB:CP: FDI (13.12.2011)