Food processing minister calls for FDI in produce retail

By RJ Whitehead

- Last updated on GMT

Food processing minister calls for FDI in produce retail

Related tags: Harsimrat kaur badal, Investment, Foreign direct investment

India’s food processing minister has called on the government to open up the perishables segment to foreign retailers, claiming the move would benefit local fruit and vegetable producers.

Speaking to Economic Times​, Harsimrat Kaur Badal said opening up foreign direct investment would also help consumers by driving down operating costs.

While full foreign direct investment is currently allowed in food processing, this is not the case in fruit and vegetable segment.

Big companies would definitely create a chain of infrastructure, bringing the latest technology and the scale​,” Badal told the daily, calling FDI in fruit, agriculture and perishable processing “a great idea​”.

I would definitely welcome it as it would give a boost to the sector, help the farmers, and help the industry if FDI were allowed,​” Badal said.

While international firms are interested in entering the produce retail market, they have been unable to approach her while the subject is off the table, she added.

This is something that I have been writing about and talking about​. We have to talk to states and come to a consensus on that,​” Badal said. 

Related topics: Policy, South Asia, Supply chain

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