FDI can help fruit and vegetable processing industry: Minister

Food Processing Minister, Harsimrat Kaur Badal said that FDI in multi-brand retailing can benefit the fruit and vegetable processing industry, as per a PTI report.
FDI can help fruit and vegetable processing industry: Minister
Food Processing Minister, Harsimrat Kaur Badal said that FDI in multi-brand retailing can benefit the fruit and vegetable processing industry, as per a PTI report.
 
The BJP-led NDA government is opposing to allow foreign direct investment (FDI) in multi-brand retailing, but it has not yet scrapped the policy approved by the previous UPA regime.
 
Commenting on the initiatives taken by the new government in the sector in 100 days, Badal said the sector is growing at the rate of 8.4 per cent as compared to 4 per cent in agriculture. Further the minister added, in case of fruits and vegetables only 2 per cent of the total output is processed, which needs to be increased.
 
When asked on FDI in multi-brand retail, Badal said, "FDI as a policy of the government is clear. It's not something which I may decide, it's the Cabinet decision. There is no doubt that it would benefit in fruits and vegetables processing segment. Cold chains and all the required infrastructure will come up. But a larger policy decision would be taken by the government and not by one ministry."
 
FDI is a government policy decision, it can't be sector specific, she added.
 
Commerce and Industry Minister Nirmala Sitharaman had categorically stated that the FDI would in multi-brand retail would not be allowed.
 
The previous government had opened the multi-brand retail sector for foreign investment and allowed up to 51 per cent foreign direct investment (FDI) in the sector.
 
The politically sensitive multi-brand retail segment in India employees millions and is dominated by mom-and-pop stores.
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