On Thursday, Parliament was informed that the food processing sector attracted foreign direct investment (FDI) amounting to $368.37 million up to September of the current fiscal year.
In a written response to the Lok Sabha, Minister of State for Food Processing Industries Ravneet Singh Bittu reported that during the period of April to September in FY25.
Ireland invested $83.84 million, Singapore contributed $48.45 million, Mauritius invested $41.65 million, the United States put in $38.60 million, Australia contributed $20.18 million, and Mexico invested $9.59 million.
In FY24, foreign direct investment (FDI) in the food processing sector reached $608.31 million.
This sector is being supported by initiatives such as the Pradhan Mantri Kisan Sampada Yojana, the Production Linked Incentive Scheme for the Food Processing Industry, and the Pradhan Mantri Formalization of Micro Food Processing Enterprises (PMFME) scheme.
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