Etailers lineup for FDI in food

New Delhi, March 14: Amazon, Grofers and Big Basket have submitted FDI proposals to the government for undertaking retail trading of food products, Parliament was informed on Tuesday.

The government had last year allowed 100 per cent foreign direct investment (FDI) for trading, including through e-commerce, in respect of food products manufactured and produced in India.

“The government has been interacting with investors to identify issues for promoting FDI in the food processing sector. Several issues, including sale of home and personal care product have been raised by investors,” MoS (food processing) Sadhvi Niranjan Jyoti said in a written reply to Lok Sabha.

“Amazon Corporate Holdings Pvt Ltd, Grofers India Pvt Ltd and Supermarket Grocery Supplies Pvt Ltd (Big Basket) have submitted foreign investment proposals for approval of the government for undertaking retail trading of food products in India,” she added.

While Amazon is one of the major e-commerce players in India, Grofers and Big Basket are into online grocery space.

The food processing sector received $5.76 billion in FDI equity inflows from 2010-11 to 2015-16, she said.

In an another development, US-based cosmetics brand Milani will enter the Indian market next month following an exclusive distribution tie-up with Belle Vous.