Production Linked Incentive (PLI) scheme for the food processing industry has achieved tremendous progress in terms of investment and production

Production Linked Incentive (PLI) scheme for the food processing industry has achieved tremendous progress in terms of investment and production

¨   Production Linked Incentive (PLI) scheme for the food processing industry has achieved tremendous progress in terms of investment and production.

¨     Under this scheme, total investment has surpassed ₹9,000 crore.

¨   This figure significantly exceeds the originally targeted amount of approximately ₹7,000 crore.

¨   The Ministry of Food Processing Industries reported that companies have invested far more than their initial commitments.

¨    Sales of PLI-supported products witnessed a growth of 10.58%. Exports of these products also registered an increase of approximately 7.41%.

¨ This scheme has augmented processing and preservation capacity by approximately 3.4 million metric tonnes annually.

¨   This has generated employment for over 300,000 people, encompassing both direct and indirect job opportunities.

¨     Under this scheme, sales of millet-based products have witnessed rapid growth.

¨    These sales rose from approximately ₹345 crore in 2022–23 to around ₹1,845 crore in 2024–25.

¨   This scheme was launched in 2021–22 with the objective of boosting the food processing sector.

¨     It has facilitated the branding and global marketing of Indian food products.

¨   By enhancing investment and production capacity, this initiative has strengthened the sector.