Food processing sector gets $6.5 bn FDI during FY11 to FY17
The Dollar Business Bureau India’s foreign direct investment (FDI) in the food processing sector was $6.49 billion during the period 2010-11 to 2016-17. “According to Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce & Industry, there has been FDI equity inflow of $6.49 million in the food processing sector during 2010-11 to 2016-17,” Minister of State for Food Processing Sadhvi Niranjan Jyoti informed the Parliament on Tuesday. In food processing industries, 100% FDI was allowed via automatic route subject to applicable regulations, laws, sectoral rules and security conditions. According to the recent Annual Survey of Industries (ASI) conducted by the Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation in 2014-15, the overall capital invested by registered food processing entities was at ...
Food diplomacy to bridge all barriers, says Harsimrat Kaur Badal
The Dollar Business Bureau The Minister of Food Processing Industries Harsimrat Kaur Badal addressed a Joint Press Conference with the organizers of ANUGA - an international business platform for Food Industry to be held in Cologne, Germany. She also signed the Memorandum of Understanding for Participation in the ANUGA (Allgemeine Nahrungs Und Genußmittel Ausstellung- translated into English- General Food and Non essential Provisions Exhibition) Exhibition with Katharina C Hamma, Chief Operating Officer, Koelnmesse GmBH (the Organizers of ANUGA). The Minister said that it was an honour for India to be a co-partner country in such a prestigious international event. “It gives us the opportunity to showcase our strengths and opportunities to an international audience”. The Minister also said that Food Processing Sector ...
Exports of beef haven't come down: Harsimrat
The Dollar Business Bureau Food Processing Minister Harsimrat Kaur Badal on Tuesday said that there is no decline in the exports of buffalo meat from legal slaughter houses in the country. The latest crackdown of illegal abattoirs in Uttar Pradesh is in compliance with the order of Supreme Court to check environment pollution and to protect the health of people, the Minister added. India, the biggest exporter of buffalo meat, shipped $3.76 billion worth of meat in the financial year 2016-17, according to Ministry of Commerce data. In April, the exports of beef dropped by 10.35% to $257.06 million compared to $287 million in the same month last year, as per the data given in Agricultural & Processed Food Products Export Development Authority (APEDA) data. “As far as I know, the export (of ...
Harsimrat holds meeting to boost FDI in food processing
The Dollar Business Bureau Minister of Food Processing, Harsimrat Kaur Badal, held comprehensive meetings on Thursday with several departments and other stakeholders to solve issues that were impacting the smooth flow of Foreign Direct Investment (FDI) in the food processing sector. The minister, after the meeting, said that the discussions were to find ways to ease foreign investments in the sector and sort out the concerns related to different ministries and departments. She further said that the concerned departments and ministries have been directed to work towards the transformation of food economy of India and at the same time to ease rules for attracting more investments across the world. The meeting was significant because the government is considering some specific relaxations for FDI in ...
Indian government announces funds to boost food processing, exports
NABARD to release Rs.3,000 crore as loans for establishment of food processing units, cold chain infrastructure Sachin Manawaria | @TheDollarBiz The funds announced by the government will help modernise existing food processing facilities as well (Pic - The tea factory in Munnar is the oldest tea factory in India) The Indian government has embarked on several measures, including funds for food processing units and cold chain facilities, to help improve the countrys food processing sector and boost exports. India is a top producer of food grains, and fruits and vegetables, but processed food exports remain stunted because only 2% of total production is currently processed in the country. Lack of food processing and cold chain facilities are also reasons behind the high ...
