FDI in food processing industries

The Indian Food Processing Industry is becoming an attractive FDI destination, it attracted around INR 45.19 billion FDI during 1999–2005 which is 3.3% of total FDI inflow in India, and ranked as the 7^th sector attracting largest FDI in India. The development of the food industry in India stems from the consistently increasing agriculture outputs. The integration of the food processing industries with the global market would be facilitated. The Ministry of food processing industries is making all efforts to encourage investments in the sector, incentives for cold chain development and also grant-in-aid for setting up laboratories that are equipped for testing food products.