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Foreign investments in India’s food processing sector have been increasing. According to the Reserve Bank of India the actual inflow of foreign investment in this sector was over Rs.3269 crore till the end of March 2004.
The Ministry of Food Processing Industries interacts with the industry regarding problems faced by the Indian processed food sector following WTO agreements and issues like Agreement on Agriculture, market taxes, mechanism for implementation of Rules of Origin, import of sensitive items in agriculture, fisheries and marine products. Based on such consultations, the Ministry provides inputs in formulating the Government of India’s position in that regard to the concerned Ministries so as to safeguard the domestic industry and market on account of the liberalized import policy regime.
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