Question : FDI IN FOOD SECTOR



(a) whether his Ministry has opposed to the proposal for FDI in food sector;

(b) if so, the main reasons elucidated by the Ministry in this regard; and

(c) the reaction of the Union Government thereto?

Answer given by the minister

THE MINISTER OF STATE IN THE MINISTRY OF CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION ( SHRI U.V. KRISHNAM RAJU )


(a): No, Sir. Under the National Policy on Handling, Storage and Transportation of Foodgrains, approved by the Government, Foreign Direct Investment(FDI) is allowed for developing and operating bulk grain handling, storage and transportation facilities in the country.

(b)&(c): Do not arise.