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In the past fiscal year, India experienced a decline in FDI inflows due to external factors and domestic investment saturation.

Foreign direct investment (FDI) equity inflows in India fell by 3.49% to USD 44.42 billion in 2023-24 due to reduced investments in services, computer hardware and software, telecom, auto, and pharma sectors. Despite this decline, inflows increased in the construction, development, and power sectors.

Foreign direct investment (FDI) equity inflows in India fell 3.49% to USD 44.42 billion in 2023-24 due to lower investments in key sectors like services, telecom, and pharma. Total FDI, including reinvested earnings, declined marginally to USD 70.95 billion. However, inflows rose by 33.4% in January-March FY24.

According to a press release, speaking at FICCI's Cold Chain and Logistics Summit, Dr Ahirwar underscored the sector's vital role in ensuring food security and reducing waste.

The National Centre for Cold-Chain Development (NCCD) is updating technical standards and guidelines for cold-chain components in India. The initiative aims to improve efficiency, reduce costs, and minimize environmental impact. It includes the development of a mobile app for data digitization, with significant investment from both public and private sectors anticipated.