India is considering adding $5.5 billion in new foreign direct investment (FDI) to meet rising demand for food and beverages, the country’s commerce minister said on Thursday.
“India is considering additional FDI as well as direct investments,” Gautam Adhikari told reporters.
“We are looking to create an environment conducive to investment in the country,” he added.
“So far, there has been no major news in terms of foreign direct investments, which is good for the industry.”
India’s trade surplus with the U.S. stood at $10.2 billion in the fourth quarter, according to official data.
The country’s trade with the rest of the world was $2.5 trillion.