Categories: Business

FDI in food processing rises 44 percent in 2019-20

Photo: GOOGLE

FDI in food processing industry up 44%

new Delhi. Foreign direct investment (FDI) in the food processing sector increased by 44 percent to $ 904.7 million in FY 2019-20. It was found in government data. The sector received FDI of $ 62.82 million in FY 2018-19 and $ 90.49 million in FY 2017-18. The Ministry of Food Processing said in a tweet, "With the government of India allowing 100 percent FDI and ease of doing business, India's food processing sector attracted investors from all over the world. FDI received 44 percent more in FY 2019-20, ie $ 90.47 million as compared to 2018-19. "Right now 100 percent FDI is allowed through automatic route in food processing sector. The central government allowed it in 2016.

This post was published on June 11, 2020 10:55 pm

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