Foreign direct investment (FDI) in India’s agriculture sector in the past 15 years surpassed that in areas such as textiles, mining and electronics, the minister of state for agriculture and farmers welfare said.
Mohanbhai Kalyanjibhai Kundaria told parliament that FDI inflows in agriculture services were $1.764 billion in the above period. FDI in agriculture machinery was $418.65 billion. Sectors such as automobiles, computers hardware and software and telecommunications, however, attracted much higher foreign investment than agriculture, he said.
The government recently allowed 100 percent FDI in coffee, rubber, cardamom, palm oil and olive plantations besides tea which was opened earlier.