The cabinet has approved an investment of Rs 10,900 crore in the food processing industry under the Production Linked Incentive (PLI) scheme. The objective of Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) is to support creation of global food manufacturing champions commensurate with India’s natural resource endowment and support Indian brands of food products in the international markets.
The Scheme will be implemented over a six year period from 2021-22 to 2026-27. The scheme will be implemented in the next six years, and its first component incentivises manufacturing of four major food product segments viz. Ready to Cook, Ready to Eat foods, Processed Fruits & Vegetables, Marine Products, Mozzarella Cheese. The second component relates to support for branding and marketing abroad to incentivise emergence of strong Indian brands.