Feb 13, 2020
According to the govt, India has received foreign direct investment (FDI) of USD 463.44 million in the food processing sector in the first half of the current fiscal. And received USD 628.24 million FDI in the food processing sector during the full fiscal year 2018-19 and USD 904.90 million during 2017-18.
The Ministry of Food Processing Industries (MoFPI) does not set up any food processing industries/projects/units on its own. It provides credit-linked capital subsidy in the form of grants-in-aid for setting up of various food processing industries/projects/units under its central sector scheme.
The government has permitted 100 per cent FDI through automatic route in manufacturing of food products subject to sectorial rules and regulations. Also, 100 per cent FDI is allowed through government route in retail trade in respect of food products produced/manufactured in India.
As per the latest Annual Survey of Industries, the minister said the invested capital in the registered food processing sector was Rs. 3,86,350 crore in 2015-16, Rs. 4,17,695 crore in 2016-17 and Rs. 4,48,938 crore in 2017-18.
In a separate reply, he also said the government has revised the operational guidelines of Scheme for Creation/Expansion of Food Processing & Preservation Capacities (CEFPPC) under the Pradhan Mantri Kisan Sampada Yojana (PMKSY) and notified on January 8 this year.