According to a recent data released by the government, Foreign Direct Investment (FDI) in the food processing sector increased by 44 per cent to reach a value of $904.7 million in the financial year 2019-20. In the previous financial year 2018-19, the sector has got FDI of worth $628.24 million and FDI of worth $904.90 million in FY 2017-18.
Food Processing Ministry issued a statement on Twitter in which, it said, “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 2019-20 (up by 44 per cent over 2018-19)”.
India allows 100 per cent FDI in food processing sector through the automotive route. In the Year 2016, the Indian government has permitted FDI through the approval route for retail trading, including through e-commerce, in respect of food products manufactured and produced in India.