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FDI inflow into food sector slid to $393.41 million in 2020-21; Maharashtra most attractive

New Delhi, July 30: The foreign direct investment flow into the food processing sector has slid over the years, reaching $393.41 million in 2020-21 from a high of $904.90 million in 2017-18.

During the 2019-20 financial year, the inflow stood at $904.70 million, and during the previous financial year, it stood at $628.24 million, Minister of State for Food Processing Industries Prahlad Singh Patel said in a written reply in Rajya Sabha. The Minister, however, did not provide any reason for the contentious slide in the FDI into the sector.

The Covid pandemic has only exacerbated the financial condition of the food processing industries.

In his reply, the Minister said that Maharashtra remained at the top of all the states with FDI flow into the food processing sector in 2020-21 standing at $188.09 million. Rajasthan came in next with FDI flow at $80.37 million and Delhi followed with an inflow of $31.10 million.

Telangana received an FDI flow of $24.75 million, Karnataka received $24.16 million, Haryana received $19.16 million, Gujarat saw an inflow of $12.75 million and Tamil Nadu received $9.51 million.

 

 

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