New Delhi: The food processing sector received foreign direct investment (FDI) of $368.37 million till September of the current fiscal year, Parliament was informed on Thursday. Minister of State for Food Processing Industries Ravneet Singh Bittu in a written reply to the Lok Sabha said, Ireland invested $83.84 million, Singapore $48.45 million, Mauritius $41.65 million, the United States $38.60 million, Australia $20.18 million, and Mexico $9.59 million in April-September FY25.
In FY24, FDI in food processing was $608.31 million. The sector is being promoted through Pradhan Mantri Kisan Sampada Yojana, Production Linked Incentive Scheme for Food Processing Industry, and Pradhan Mantri Formalization of Micro food processing Enterprises (PMFME) scheme.
India’s food processing sector has received a major FDI boost with countries such as the US, Ireland Singapore and Mauritius investing directly into this industry with a total FDI of $386.87 billion recorded so far in FY25, said Union MoS for Food Processing Industries Ravneet Singh Bittu in a written reply to a question in the Lok Sabha. Economy Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
