INDIA'S FOOD PROCESSING SECTOR: COMING OF AGE
Express Food & Hospitality|March 2020
India's move to allow 100 per cent FDI in food processing, has already attracted US$ 463.44 million in the first half of the current fiscal and is expected to reach upto US$ 1200 million by end of the year.In this AAHAR Special, we take a look at some of the growing players in this sector
INDIA'S FOOD PROCESSING SECTOR: COMING OF AGE

'BOTH FOR FARMER WELFARE AND EMPLOYMENT GENERATION,THE FOOD PROCESSING SECTOR SHOULD BE GIVEN PRIORITY STATUS'

Dr Prabodh Halde, chairman - West Zone, All India Food Processors’Association (AIFPA) speaks to Steena Joy about the growing FDI in the country's food processing sector and why the industry needs priority status because of its potential to improve farmer welfare and employment generation

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. Your comments.

Yes, India has already received US$ 463.44 million as FDI in the food processing sector in the first half of the current fiscal year and this amount is up 40 per cent compared to the same period last year. During last fiscal year India received a total of US$ 904.90 million and thus it is expected that this year the inflow will reach upto US$ 1200 by end of the year. This is very good news since when other sectors are not performing, food processing sector has received such a great investment and which will help overall growth of the sector and farmer’s welfare. This has happened due to positive step of the Indian government to allow 100 per cent FDI in this sector. It will help in capacity development, infrastructure development and employment generation in the sector.

The role of the government in driving investment to the sector?

This story is from the March 2020 edition of Express Food & Hospitality.

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