PLI Scheme: Food Processing Ministry Approves 60 Applications From Food Companies

The food processing ministry announced on Monday that it has approved 60 investment applications from packaged food companies such as Amul, ITC, HUL, Britannia Industries, Parle Agro, Tata Consumer Products, and Nestle India seeking perks under the production-linked incentive (PLI) scheme. 

The Union Cabinet approved a PLI scheme for the food processing sector in March this year, with a budget of Rs.10,900 crore. The scheme will assist to generate 2.5 lakh jobs, promote exports, and guarantee that consumers have access to a broader selection of value-added products. 

The ministry has invited expressions of interest (EOI)/proposals for incentives under the PLI scheme for food processing companies, with a total budget of Rs.10900 crore. The deadline for submitting proposals was June 24, 2021. 

"The ministry received 91 applications under Category 1 in response to the EOI. The approval committee, chaired by the minister, FPI (food processing industries), has approved 60 applications under Category 1 "According to a statement on the ministry's website. 

According to the ministry's list, 12 applications in the ready-to-eat and ready-to-cook segments have been approved. 

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 are the companies. 

In 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. 

Eleven applications in the marine sector have been approved, including those of Falcon Marine Exports Ltd, Avanti Frozen Foods Pvt. Ltd, and ITC Ltd. 

In the mozzarella cheese segment, four proposals have been approved: Parag Milk Foods Ltd, Gujarat Co-Operative Milk Marketing Federation Ltd (GCMMF), Sunfresh Agro Industries Pvt. Ltd, and Indapur Dairy & Milk Products Ltd.