Parliament was informed on Thursday that the food processing sector attracted foreign direct investment of $368.37 million until September of the current fiscal year. In a written reply to the Lok Sabha, Minister of State for Food Processing Industries, Ravneet Singh Bittu, stated that 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 between April and September FY25.
In FY24, FDI in the food processing sector totalled $608.31 million.
The sector is being supported through 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 scheme.
(With Inputs From PTI.)
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