At present, 100 percent foreign investment is permitted through the government approval route in the tea plantation sector. However, FDI is not allowed in any other plantation
sector or activity.
Addressing a CII conference on India China trade here Kant said 'huge trade deficit with China which is not sustainable', while adding that Chinese companies must invest in India.

Kant pointed out that FDI from China into India is only USD 1.12 billion, which is only 0.44 per cent of total FDI, adding that Chinese companies must invest in setting up manufacturing facilities in India.
As per government data, India's natural rubber import increased to 442,130 tonnes in 2014-15, the highest so far, from 3,60,263 tonnes in 2013-14 and 2,62,753 tonnes in 2012-13.
The production of natural rubber declined to a 12-year low at 6,45,000 tonnes in 2014-15 as against 7,74,000 tonnes in 2013-14, down 12 percent.
To boost domestic production of the crop, the government is in the process of formulating a national rubber policy. Total rubber consumption by various industries, including tyre manufacturers, stood at 10,18,000 tonnes in 2014-15, 3.7 percent higher than the previous year.

India exported coffee worth USD 803 million in 2014-15 against USD 799 million in 2013-14. In 2014-15, FDI into the country rose 27 percent to US 30.93 billion.
To pull in foreign investments, the government has raised the FDI cap in the insurance sector and defense. It has relaxed policy in railways, construction and medical devices sectors.



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