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flag FDI in India's food processing sector declined 30% to Rs 5,037.06 crore ($612 million) in the last fiscal year.

flag FDI in India's food processing sector declined 30% to Rs 5,037.06 crore ($612 million) in the last fiscal year, according to official data. flag To boost investment, the government implemented measures like 100% FDI through the automatic route and lower GST rates for raw and processed products. flag Despite this, processed food exports declined 17% to $10.88 billion in 2023-24 from $13.078 billion in 2022-23. flag The Ministry of Food Processing is implementing schemes like PM Kisan SAMPADA Yojana, PLISFPI, and PMFME to encourage sector development, improve supply chain management, and enhance farmer returns.

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