In India, the food processing industry has emerged as a high growth and high profit sector, with India being the world’s largest producer of dairy products (including milk, ghee etc.), buffalo meat and several fruits such as bananas, papayas, mangoes and guavas; the second largest producer of broiler meat.
The Government of India and the Ministry of Food Processing Industry have made several bold structural reforms, liberalised policies and introduced attractive schemes to enhance investor confidence in the country. This has translated into the improvised rankings in Ease of Doing Business as well as FDI confidence index, thereby resulting in India receiving the highest FDI inflows globally and retaining its position as the world’s most preferred greenfield FDI destination.
Between April 2000 and June 2017, India attracted approximately US$342.40b of foreign direct investment. Out of this, US$ 7.81b was in the food processing sector, making it 13th largest sector receiving FDI in India.
The report, “Doing Business in India Investor Guide for the Food Processing Sector” covers various aspects of the laws and regulations governing this sector, forms of business presence that can be established, typical funding options available to foreign investors, and a roadmap to enter the Indian market.