Harsimrat welcomes 100% FDI in Marketing of Food produced, manufactured in India.

March 02, 2016

Union Minister for Food Processing Industries , Smt. Harsimrat kaur Badal thanked the Prime Minister and Union Finance Minister for approving and announcing the policy of 100% FDI in marketing of food products produced and manufactured in India in the General Budget , 2016-17. This will provide impetus to the foreign investment in food processing sector , benefit farmers immensely and will create vast employment opportunities.

Interacting with the media to apprise them about the initiatives relating to food processing in the Union budget announced , Smt. Harsimrat Kaur Badal said that this step will lead to creation of "Swadeshi ” infrastructure with "Videshi” money. This will help farmers get remunerative prices for their produce, transfer of technology and modern agricultural practices required for producing agricultural produce on a large scale to meet the requirements of organized marketing.



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