Agriculture is a prominent sector in the Indian economy. It employs more than 50% of the workforce of the country. This sector contributed 18% to India’s GDP in the financial year 2018. According to the data released by DPIIT, the country’s food processing industry received USD 9.08 billion between the years 2000 and 2019.
Up to 100%, FDI is allowed under the automatic route in the agriculture sector with certain conditions mentioned in the consolidated FDI policy.
ABOUT THE COMPANY:
The company had a vision in mind of increasing the base of organic farming in order to further stabilize agricultural production in a sustainable manner. However, no matter how great the idea they had, they were lacking financial backup and thus, were looking for foreign direct investment for their big project.
They did have the plan of action but just the lack of investment restricted them to proceed with the project.
The company reached out to FDI India for the foreign investment inflow. We then understood their vision and helped them to get the funds required so as to bring this big project into reality. FDI India helped the company meet the apt foreign investor and then they proceeded with the project.