The online grocery delivery startup has sought clearance from the Department of Industrial Policy and Promotion (DIPP), for foreign direct investment (FDI) to carry out trading in food products.
This move comes after the govt recently allowed 100% FDI under govt approval, which includes “trading through e-commerce, in respect of food products manufactured or produced in India.”
The Ministry of Food Processing Industries has also proposed to organise the World Food Summit in 2017. The event is aimed to facilitate a unified platform for investors, technology solution providers, processors, manufacturers and all other relevant national and international stakeholders.
