|Related Category:||Sub Category:|
As per the sector-wise data on Foreign Direct Investment (FDI) inflows maintained by the Department of Industrial Policy & Promotion (DIPP), Government of India, during April 2000 to June 2015, FDI inflows in the agriculture services has been US$ 1763.57 million (Rs 8747.4 crore) which is higher than the FDI inflows into sectors like textiles, mining and electronics.
However, FDI inflows in the agriculture services during the above period has been lower as compared to computer software and hardware, telecommunications and automobiles. In agriculture machinery, FDI inflows during the above period has been US$ 418.65 million.
To attract more FDI in agriculture sector, 100 percent FDI has been allowed in coffee, rubber, cardamom, palm oil tree and olive oil tree plantations, besides tea plantation in which FDI has already been allowed.
This information was given by the Minister of State for Agriculture & Farmers Welfare Mohanbhai Kalyanjibhai Kundaria in Lok Sabha today.