The Department of Industrial Policy and Promotion (DIPP) has proposed to allow 100 per cent foreign direct investment (FDI) through government approval route in marketing and selling of food products produced and manufactured
Foreign direct investment in the country increased to $ 42 billion during April-February in 2015-16, up by 27.45 per cent from the inflows in the corresponding period of the previous fiscal, RBI said today.
During April-December this fiscal, over 90 per cent of the total foreign direct investment received came in through the automatic route, with less than 10 per cent coming in through the approval route.
Shopping centre space witnessed a 75% year-on-year increase in supply at 3.6 million sq ft across seven key cities in the country during the second half of 2015, compared to the corresponding period of the previous year.
The government is reviewing its decision to put in abeyance the policy allowing FDI in multi-brand retail, with most BJP-ruled states supporting the opening up of the sector, reports fe Bureau in New Delhi.
Foreign direct investment in the food processing sector is likely to go up by at least 25 per cent as Food Safety and Standards Authority of India (FSSAI) streamlines regulations to ease product approvals