Search Result for : Fipb Route

The Dollar Business Bureau   The DIPP (Department of Industrial Policy and Promotion) is pressing ahead the demand for sanction of 100% FDI in the food processing sector in a bid to make the existing FDI policies simpler.A proposal to the effect has been sent to the Cabinet which might give the go-ahead soon. However, DIPP is also waiting for an acknowledgement from the FIPB (Foreign Investment Promotion Board) to put it into action. The proposal of DIPP has been drafted and forwarded to the cabinet for consideration, claim sources. And only food products produced and processed in India will be covered under the policy. The items produced in India are likely to have online sales business-to-consumer model after getting the FIPB nod. ...

This will benefit farmers, give impetus to food processing industry and create vast employment opportunities, the Minister added Vanita Peter D’Souza | The Dollar Business Prior to this proposal, 100% FDI was allowed in the food processing industry through the automatic route while 49% FDI was allowed through FIPB route   With a view to give an extra boost to the agrarian sector, Finance Minister Arun Jaitley relaxed the FDI regulation in the food processing industry and announced a 100% FDI through FIPB route. The Finance Minister while presenting his third Union Budget said, “Our foreign direct investment (FDI) policy has to address the requirements of farmers and food processing industry. A lot of fruits and vegetables grown by our farmers either ...