Foreign investment in food processing up 44% to $904 mn in 2019-20

Foreign direct investment (FDI) in the food processing sector rose 44 per cent to $904.7 million in the financial year 2019-20, according to government data.

The sector had received FDI worth $628.24 million in 2018-19 and $904.90 million in the financial year 2017-18.

"With 100 per cent FDI allowed by GOI (Government of India) & ease of doing business, India's food processing sector attracted global investors as it received FDI inflows worth $904.70 mn in the 2019-20 (up by 44 per cent over 2018-19)," the food