The government is considering liberalising foreign direct investment (FDI) norms in the plantation sector by bringing more commercial crops under the ambit, an official said.
The Commerce and Industry Ministry is holding stakeholder consultations on the issue, the official said.
“We are looking for more FDI liberalisation in the plantation sector like banana,” the official added.
At present, 100 per cent FDI under automatic route is permitted in the tea sector, including tea plantations, coffee, rubber, cardamom, palm and olive oil tree plantations.
Besides these, FDI is not allowed in any other plantation sector/activity.
India has received USD 295.23 million FDI in tea and coffee (processing and warehousing coffee), and USD 3.93 billion in rubber goods during April 2000 and March 2026.
As per estimates, India is the largest banana producer in the world with over 30 million tonnes annually.
Despite being the largest global producer of bananas, India’s exports do not reflect thi
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.