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Harsimrat Kaur Badal pitches for 100% FDI in food products retailing

In a letter to the Prime Minister, Badal suggested for a "relook" at the country's FDI policy in multi-brand retail in food processing.

Policy Pulse
Publish Date: Jan 5 2016 2:44PM | Updated Date: Jan 5 2016 3:16PM

Harsimrat Kaur Badal pitches for 100% FDI in food products retailing

Ministry of Food Processing Industries has urged Prime Minister Narendra Modi to consider 100 per cent foreign direct investment (FDI) in multi-brand retail of food products, saying it would benefit farmers as well as common man. 

 

In a letter to the Prime Minister, Union Food Processing Industries Minister Harsimrat Kaur Badal suggested for a "relook" at the country's FDI policy in multi-brand retail in food processing. 

 

"The letter has been forwarded to the Department of Industrial Policy and Promotion (DIPP), which is looking at the issue," report said.

 

During April-September, FDI in the country has increased by 13 per cent year-on-year to $16.63 billion.