Under PLI scheme for food processing sector

Nestle India receives approval for its proposal

Nestle India spokespeople have stated that its proposal under the government's production linked incentive (PLI) scheme for food processing sector -under the category of processed fruits and vegetables- has gotten the green light.

Nestle India said it had submitted proposal under the eligible categories of ready to eat/ ready to cook and processed fruits and vegetables.

Earlier this year, the Indian government had approved PLI scheme for food processing industry 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 aims to support food manufacturing entities with stipulated minimum sales and willing to make minimum stipulated investment for expansion of processing capacity and branding abroad to incentivise emergence of strong Indian brands. It will be implemented over a six-year period from 2021-22 to 2026-27.

Source: businesstoday.in

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