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OILS AND FATS

Govt permits 100% FDI under automatic route for palm oil tree plantation
Wednesday, 03 July, 2019, 15 : 00 PM [IST]
Our Bureau, New Delhi
One hundred per cent foreign investment under automatic route has been permitted for palm oil tree plantation since 2015. The government is constantly taking various initiatives to boost investments which, inter-alia, include the Make in India programme, measures to improve ease of doing business, facilitating micro-, small and medium enterprises (MSME), reforms in the foreign direct investment (FDI) policy, etc.

Statement on financial year-wise FDI equity inflows from April 2014 to March 2019

Sector: Hybrid seeds and plantation

Serial number

Year

FDI (in $ million)

1

2014-15

17.46

2

2015-16

20.53

3

2016-17

49.67

4

2017-18

63.42

5

2018-19

40.56

Grand total

191.64


This information was given in a written reply by agriculture and farmers’ welfare minister Narendra Singh Tomar in Lok Sabha recently.
 
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