The Government is actively considering a proposal to allow FDI in non-food items, along with food products, under the multi-brand retail policy and a decision may be taken ahead of the mega world food event here in November.
An indication to this effect was given by Union Food Processing Minister Harsimrat Kaur Badal after her meeting with ministers from different states to chalk out plans for the 3-day event starting November 3. Badal said investors from several countries have demanded that they be allowed to sell non-food items along with food products processed and manufactured in India under the multi-brand FDI policy.
“I have placed their suggestions before the PMO (Prime Minister’s Office) and a Cabinet decision is required,” she told reporters.
The Minister said the Government aims to address all issues concerning packaging, processing and marketing to ensure farmers get better prices and check post harvest wastage, which runs into thousands of crores annually.
Asked by when the decision on FDI in the non-food segment could be taken, Badal replied: “I think before the mega World Food India event in November, this will be done.” India allows 51 per cent foreign direct investment (FDI) in multi-brand retail while there is no cap in single brand retail.