FDI in farm sector jumps to Rs 553 crore in April-February FY16

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 Tuesday.

"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, according to 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% 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.