Food processing sector received a remarkable USD 904.7 Million FDI in 2019-20

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On the back of a transparent and liberal policy framework to attract Foreign Direct Investment (FDI) in the country, the food processing sector has been able to garner USD 904.7 Million FDI in 2019-20 in comparison to USD 628.24 Million in 2018-19.

According to World Investment Report 2020 released by United Nations Conference on Trade and Development (UNCTAD), among the top economies attracting FDI inflows, India’s position has improved and it has achieved 9th position in 2019 from 12th position in 2018.

Rameswar Teli, Minister of State for Food Processing Industries, informed that a dedicated Investment Facilitation Cell has been set up with Invest India to facilitate investment  in this sector. Besides handholding of the investors all throughout different investment phases and assisting them with location assessment, regulatory requirements, the Cell also provides information on applicable schemes and policies to them.

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