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With the Food Processing Industry unlikely to have any adverse impact in taxation under the newly proposed GST regime, the sector is expected to be taxed at existing rates. Further, the industry has also demanded for the sector to be levied with minimum tax under the GST regime to promote growth and attract investments. If this proposal is pulled off, substantial growth can be expected in this sector. The government has also reduced the taxes significantly and excise, particularly; from 10 percent to 6 percent. Recently, the industry shared information on foreign direct investment in the sector that was said to be $ 500 million per annum in the last three years. The quality of processed food in India has recently been catching up with world standards and the industry is also taking steps to promote the production of good quality processed foods to cement itself in the International market. According to the Department of Industrial Policies and Promotion (DIPP), between April 2000 and March 2016, the food processing sector of India has received a total of $ 6.82 billion worth Foreign Direct Investment. The Confederation of Indian Industry (CII) has estimated the food processing sector to attract close to $ 33 billion over the next 10 years.

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