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PRESENT FDI POLICY ON AGRICULTURE & PLANTATION
Date : 23 Aug 2006
Location : New Delhi
PRESENT FDI POLICY ON AGRICULTURE & PLANTATION
New Delhi: August 23, 2006
The present policy for FDI in Agriculture and Plantation sector is as under:
i. FDI up to 100% is permitted under the automatic route only in the under-mentioned activities viz. Floriculture, Horticulture, Development of Seeds, Animal Husbandry, Pisciculture, Aqua-culture and Cultivation of Vegetables & Mushrooms, under controlled conditions and services related to agro and allied sectors
ii. FDI up to 100% with prior Government approval is permitted in Tea plantation subject to the conditions of divestment of 26% equity of the company in favour of an Indian partner/ Indian public within a period of five years; and prior approval of the State Government concerned in case of any future land use change.
iii. Besides the above two, FDI is not allowed in any other agricultural sector/activity.
The above information was provided by Dr Ashwani Kumar, Minister of State for Industry in a written reply in Rajya Sabha today.
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