Cumulative FDI Into Agriculture Industry India
- Uttarpradesh
- Assam
- Westbengal
- Madhya Pradesh
- Karnataka
- Gujarat
- Punjab
- Haryana
Market Size
India's GDP is expected to grow at 7.1 per cent in FY 2016-17, led by growth in private consumption, while agriculture GDP is expected to grow above-trend at 4.1 per cent to Rs 1.11 trillion (US$ 1,640 billion).$ It ranks third in farm and agriculture outputs. As per the 2nd Advance Estimates, India's food grain production is expected to be 271.98 MT in 2016-17. Wheat production in India is expected to touch an all-time high of 96.6 MT during 2016-17.! Production of pulses is estimated at 22.14 MT.India has been the world's largest producer of milk for the last two decades and contributes 19 per cent of the world's total milk production.++
Investments
According to the Department of Industrial Policy and Promotion (DIPP), the Indian agricultural services and agricultural machinery sectors have cumulatively attracted Foreign Direct Investment (FDI) equity inflow of about US$ 2.45 billion and the food processing sector has attracted around US$ 7.81 billion during April 2000 to June 2017.Some of the recent major government initiatives in the sector are as follows:
- With an aim to boost innovation and entrepreneurship in agriculture, the Government of India is introducing a new AGRI-UDAAN programme to mentor start-ups and to enable them to connect with potential investors.
- The Government of India has launched the Pradhan Mantri Krishi Sinchai Yojana (PMKSY) with an investment of Rs 50,000 crore (US$ 7.7 billion) aimed at development of irrigation sources for providing a permanent solution from drought.
- The Government of India plans to triple the capacity of food processing sector in India from the current 10 per cent of agriculture produce and has also committed Rs 6,000 crore (US$ 936.38 billion) as investments for mega food parks in the country, as a part of the Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters (SAMPADA).
- The Union Cabinet, Government of India, approves Rs 9,020 crore (US$ 1.4 billion) as Extra Budgetary Resources (EBR) for execution of projects under Accelerated Irrigation Benefits Programme (AIBP) and their command area development (CAD) works under PMKSY.
- A new platform for selling agricultural produce named e-RaKam has been launched by the Government of India and will operate as a joint initiative of Metal Scrap Trade Corporation Limited and Central Railside Warehouse Company Limited (CRWC).
Talk to our team on
how we can help you.
