Food processing minister Harsimrat Kaur Badal has written to Prime Minister Narendra Modi for allowing foreign direct investment (FDI) in multi-brand retail for food products that are grown and proces
Food processing minister Harsimrat Kaur Badal has written to Prime Minister Narendra Modi for allowing foreign direct investment (FDI) in multi-brand retail for food products that are grown and processed in India.
According to experts, the move will boost infr-astructure and strengthen the local supply chain in the agriculture sector, hence benefiting country’s farmers. “I have written to Prime Minister to allow FDI in retail with 100 per cent local sourcing. The FDI in multi-brand retail for food, which is grown and manufactured in India,” Ms Badal told reporters here at the Make in India event on Tuesday.
She, however, signalled that the government wants all the stakeholders on board before any policy change. She said it would be a major step towards modernising kirana stores into modern food retail outlets and providing fair remuneration to the farmers.
“I believe this can play a catalytic role in setting up the infrastructure right, from the farm level to the fork level. It can actually turn the game around,” the minister said.
