The food processing ministry has approved 60 applications of investment proposals by packaged food companies, including Amul, ITC, HUL, Britannia Industries, Parle Agro, Tata Consumer Products and Nestle India seeking benefits under the production-linked incentive (PLI) scheme.
Boost for industry
In March this year, the Union Cabinet approved a PLI scheme for the food processing sector, entailing an outlay of Rs 10,900 crore. The scheme will help create 2.5 lakh jobs, boost exports and ensure availability of a wider range of value-added products for consumers.
The ministry had invited expressions of interest (EOI)/ proposals for availing incentives under the PLI scheme for food processing industries with an outlay of Rs 10,900 crore. The last date for submission of proposals was June 24, 2021.
As many as 12 applications have been approved in ready-to-eat and ready-to-cook segments.
They include, Britannia Industries, Haldiram Snacks Pvt Ltd, Gujarat Co-Operative Milk Marketing Federation Ltd (Amul), Parle Biscuits Pvt Ltd, Bikaji Foods International Ltd, ITC Ltd, Haldiram Foods International Pvt Ltd, Bikanervala Foods Pvt Ltd, Balaji Wafers Pvt Ltd, Anmol Industries Ltd, Hindustan Unilever Ltd and Prataap Snacks Ltd.
All sectors covered
In the fruits and vegetables segment, 18 applications have been approved.
They include Parle Agro Pvt Ltd, Everest Food Products Pvt Ltd, Mtr Foods Private Ltd, Mccain Foods India Pvt Ltd, Tasty Bite Eatables Ltd, ITC Ltd, Hindustan Unilever Ltd, Varun Beverages Ltd, Keventer Agro Ltd, Nestle India Ltd, Dabur India Ltd, Tata Consumer Products Ltd, Fieldfresh Foods Pvt Ltd, Nilons Enterprises Pvt Ltd, Gujarat Co-Operative Milk Marketing Federation Ltd (Amul), Emami Agrotech Ltd.
As many as four proposals have been approved in the mozzarella cheese segment — Parag Milk Foods Ltd, Gujarat Co-Operative Milk Marketing Federation Ltd (GCMMF) and Sunfresh Agro Industries Pvt Ltd and Indapur Dairy and Milk Products Ltd.
