FDI In India's Food Processing Sector Reaches USD 368 Mn In H1 FY25

12/6/2024 2:14:59 PM

(MENAFN- KNN India) New Delhi, Dec 6 (KNN) The Indian food processing sector has attracted substantial foreign direct investment (FDI) of USD 368.37 million during the first half of the current fiscal year, according to a parliamentary statement released on Thursday.

Minister of State for Food Processing Industries Ravneet Singh Bittu provided a detailed breakdown of the investment sources in a written reply to the Lok Sabha.

Ireland emerged as the leading investor with USD 83.84 million, followed by Singapore at USD 48.45 million and Mauritius with USD 41.65 million.

The United States, Australia, and Mexico also contributed significantly, investing USD 38.60 million, USD 20.18 million, and USD 9.59 million respectively during the April-September period of fiscal year 2025.

This current investment follows a robust performance in the previous fiscal year, where the food processing sector garnered total foreign direct investment of USD 608.31 million.

The government continues to support and expand the sector through strategic initiatives such as the Pradhan Mantri Kisan Sampada Yojana, the Production Linked Incentive Scheme for Food Processing Industry, and the Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) scheme.

(KNN Bureau)

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