The robust growth in rural economy, especially the agriculture segment, is drawing private equity funds to invest in the food processing units, according to Chanda Kochhar, managing director and CEO of ICICI Bank.
Private equity/ventures funds have invested $700 million in 37 projects in the food sector since 2006, while total foreign direct investment (FDI) in the segment has been about $15 billion, Kochhar said addressing a seminar on investments in agriculture and food sectors.
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