How much FDI has been received in the food processing sector in the last 9 years according to PM Modi
PM Modi announces ₹50,000 cr FDI in the food processing sector
According to PM Modi, the food processing sector has received ₹50,000 crore in Foreign Direct Investment (FDI) over the last 9 years. The key points regarding this FDI in the food processing sector are as follows:
- The FDI inflow has been significant in the food processing industry, indicating a growing interest from foreign investors.
- This investment is expected to boost the growth and development of the sector, generating employment opportunities and improving the overall economy.
- The government's focus on promoting the food processing sector as part of the Make in India initiative has been instrumental in attracting such investments.
- The FDI in the food processing industry is expected to accelerate the establishment of large-scale food processing units and increase the overall productivity and efficiency of the supply chain.
- Additionally, this investment is expected to enhance value addition, reduce wastage, and provide better market access for farmers and food manufacturers.
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