‘Food processing industry wants FDI in retail’https://indianexpress.com/article/news-archive/web/food-processing-industry-wants-fdi-in-retail/

‘Food processing industry wants FDI in retail’

The food processing industry wants the government to go ahead with its decision to allow foreign direct investment in multi-brand retail

The food processing industry wants the government to go ahead with its decision to allow foreign direct investment in multi-brand retail saying it will bring in modern infrastructure and technology,a top government official said on Tuesday.

“The broad consensus that emerged … was most of the players here felt that the policy should move forward and we should encourage FDI in multi-brand retail because it will help the food processing sector,” Secretary in the Food Processing Ministry,Rakesh Kacker,said after a meeting with DIPP officials.

After the government put on hold its decision to allow 51 per cent FDI in multi-brand retail amid stiff resistance from opposition,including UPA’s allies,the DIPP has started a process of consultation with stakeholders,including different government departments,MSME,traders and farmers.

The next round of consultations would be held with the Ministry of Micro,Small and Medium Enterprises (MSME) and players in the sector on Wednesday.