Chennai, October 15, 2011: Apiculture activities in India can now get 100 per cent foreign direct investment (FDI) under controlled conditions, as per the new FDI Policy, announced in the Circular 2 of 2011 released on September 30, 2011 by the Government of India, Ministry of Commerce and Industry, Department of Industrial Policy and Promotion (DIPP). The new half-yearly consolidated FDI Policy is effective from October 1, 2011.
In its 'Consolidated FDI Policy' the Circular says: "It is the intent and objective of the Government of India to attract and promote foreign direct investment in order to supplement domestic capital, technology and skills, for accelerated economic growth."
The new DIPP Policy included for the first time 'apiculture' under the agricultural activities. FDI is permitted up to 100 per cent on the automatic route, subject to applicable laws/regulations; security and other conditionalities. The Policy further states that in the case of apiculture, scope of the term 'under controlled conditions' covers: 'Production of honey by bee-keeping, except in forest/wild, in designated spaces with control of temperatures and climatic factors like humidity and artificial feeding during lean seasons.'