| Date: |
23-02-2011 |
| Subject: |
FDI in Food Processing In 2010 Encouraging: Rawat |
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New Delhi, (PTI) Foreign Direct Investment (FDI) in the Food Processing sector in India was comparatively high at over Rs 576 crore by November last year, an encouraging volume compared to flow in the past years, Parliament was informed today.
"The amount of FDI inflow for Food Processing sector in India during the financial year 2010-11 up to November, 2010 is Rs 576.50 crore as compared to total FDI of Rs 5,344.22 crores," Minister of State for Food Processing Industries Harish Rawat said in a written reply in Lok Sabha.
Giving reasons for enhanced FDI in the Food Processing sector, considered a sunrise sector, he said besides, attracting FDI through schemes such as Mega Food Park, the government has also extended several fiscal incentives during the financial year.
Source : indolink.com
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