16 February , 2021 Fdiindia
FDI Inflow in the Food Processing Sector Raised From USD 624.24 Million to USD 904.7 Million in 2019-20
The government has introduced a liberal and transparent policy to captivate foreign direct investment, wherein the most domains are open to FDI in automatic route. The intention is to attract more investors in FDI and eradicate the policy bottleneck that has been hampering the investment flow in the country. 100% is allowed in the food processing domain under the automatic route.
The reforms and policy measures were introduced by the government and had a positive impact on the nation. According to the World Investment Report 2020, United Nation Conference Trade and Development, India is positioned amongst the top economies captivating has tweaked to 9th position in 2019 from 12th in 2018. India has recorded its highest FDI inflow of USD 74.39 billion during covid pandemic between April and November 2020. The total FDI inflow of USD 58.37 has been acquired.
The FDI Inflow in the food processing sector has been raised from USD 624.24 million to USD 904.7 million in 2019-20. The Ministry of Food processing industry has also built a dedicated investment cell with Invest India to ease all investment received in the food processing domain.
The cell constrains investors in the entire investment phase in an organized manner by offering relevant sectoral and sub sectoral information aiding with the regulatory requirement and location assessment.