Government approves ₹10,900 crore PLI scheme for food processing sector
The Hindu
The effort is to take the country's food processing to a next level amid the rising global demand for Indian ready to eat foods, organic products, processed fruits and vegetables, marine products and mozzarella cheese
New Delhi The government on Wednesday approved a production-linked incentive (PLI) scheme for the food processing sector, entailing an outlay of ₹10,900 crore. The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the scheme which will help create 2.5 lakh jobs by 2026-27, boost exports and facilitate expansion of food processing capacity to generate processed food output worth ₹33,494 crore. The incentive under the scheme would be paid for six years ending 2026-27.
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