Inflow of Foreign Direct Investment to the food processing industries sector for the last 3 years including 2012-13 (April to February) is as follows:
| Sl. No. | Year (Apr-Mar) | FDI (Rs.Crore) | FDI (US$ million) |
|
1 |
2010-11 |
5,796.22 |
1,271.77 |
|
2 |
2011-12 |
7,677.74 |
1,652.38 |
|
3 |
2012-13(Apr to Feb) |
2887.03 |
529.09 |
Foreign Direct Investment (FDI) complements and supplements domestic investment. FDI brings in, apart from capital, state-of-art technology and best managerial practices, thereby providing better access to foreign technology by the domestic food processing industry.
The Government is implementing the Schemes of Infrastructure Development (with components i.e. Mega Food Parks; Integrated Cold Chain Projects and Abattoirs) Quality Assurance, Codex Standard, R&D and other Promotional activities; Human Resource Development; National Mission on Food Processing and Strengthening of Institutions for promotion and development of Food Processing Sector in the country.
Government has also set up National Institute for Food Technology Entrepreneurship & Management to offer high quality educational research and management programme specific to the food industry, provide referral advice on food standards, disseminate knowledge on the food sector and provide business incubation facility.
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