Foreign Direct Investment (FDI) in agriculture sector increased to Rs 553.14 crore during the first eleven months of 2015-16, as per information provided by Minister of State for Agriculture Mohanbhai Kundariya.
This is much higher than Rs 365.31 crore recorded in the entire fiscal of 2014-15. FDI in farm sector stood at Rs 559.66 crore in 2013-14 and Rs 875.90 crore in 2012-13.
FDI is permitted up to 100% under automatic route in specified activities of agriculture and allied activities. Also, 100% FDI is allowed in plantation sector namely tea, coffee, rubber, cardamom, palm oil tree and olive oil tree.
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