India gets $463.44 million FDI in food processing in Apr-Sep FY20

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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, the government informed 11 February, 2020.

The country had 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, it added.

The government has permitted 100 per cent FDI through automatic route in manufacturing of food products subject to sectoral 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.

During the first quarter of the fiscal, maximum FDI of USD 244.95 million was made in Tamil Nadu and Puducherry, followed by USD 25.08 million in Maharasthra, Dadra and Nagar Haveli and Daman and Diu, while USD 22.99 million in Delhi and part of Uttar Pradesh and Haryana, the data showed.

As per the latest Annual Survey of Industries, the minister said the invested capital in the registered food processing sector was 3,86,350 crore in 2015-16, 4,17,695 crore in 2016-17 and 4,48,938 crore in 2017-18.