Foreign direct investment (FDI) in agriculture sector increased to Rs 553.14 crore during the first eleven months of 2015-16, the government said on April 26. “The FDI inflow form April 2015 to February 2016 is Rs 553.14 crore,” Minister of State for Agriculture Mohanbhai Kundariya said in a written reply to Lok Sabha.
This is much higher than Rs 365.31 crore in the entire 2014-15 fiscal, as per the data placed before the Lower House. FDI in farm sector stood at Rs 559.66 crore in 2013-14 and Rs 875.90 crore in 2012-13, the data showed.
FDI is permitted up to 100 per cent under automatic route in specified activities of agriculture and allied activities. Also, 100 per cent FDI is allowed in plantation sector namely tea, coffee, rubber, cardamom, palm oil tree and olive oil tree.