New Delhi Several large packaged food companies have been approved under the Government’s Production Linked Incentive (PLI) scheme for the food processing industry. In all, 60 companies applying for investment in categories such as ready-to-eat products, fruits and vegetables, seafood and mozzarella cheeses have been approved.
Companies include Britannia Industries Limited, Haldiram Snacks Pvt. Ltd., Gujarat Co-operative Milk Marketing Federation Ltd (Amul), and ITC Ltd., according to a notice uploaded on the website of the Ministry of Food Processing Industries on Monday.
The government announced the PLI scheme for the food processing sector on March 31, with an outlay of Rs. 10,900 crores. Incentives are linked to local production and sale of products. The scheme was launched to build global food manufacturing champions in line with India’s natural resources and to support Indian brands of food products in international markets.
The plan includes four segments – ready-to-cook or ready-to-eat foods, processed fruits and vegetables, seafood, and mozzarella cheese.
Approval has been given under Category 1 of the scheme meant for large institutions. Applicants under this category can also undertake branding and marketing activities in foreign markets. The selected applicant will have to invest in Plant and Machinery in the first two years i.e. 2021-22 and 2022-23.
In the ready-to-eat food category, Britannia Industries Ltd., Haldiram Snacks Pvt. Ltd., Gujarat Co-Operative Milk Marketing Federation Ltd., Parle Biscuits Pvt. Ltd., Bikaji Foods International Ltd., Bikanervala Foods Pvt. Ltd., Balaji Wafers Pvt. Ltd., Anmol Industries Ltd., and Hindustan Unilever Ltd.
Under the category of fruits and vegetables, more than 30 applications have been approved including Tata Consumer Products Ltd., Capital Foods Pvt. Ltd., Nestle India Ltd., DS Spice Pvt. Ltd., Dabur India, Parle Agro, MTR Foods Pvt. Ltd., McCain Foods India and Tasty Bite Eatables.
Parag Milk Foods Ltd., Gujarat Co-operative Milk Marketing Federation Ltd., Sunfresh Agro Industries Pvt. Ltd. to manufacture Mozzarella Cheese. Ltd. and Indapur Dairy & Milk Products Ltd.
Another 11 applicants have been approved under the marine category, which also includes ITC Ltd.
The scheme will be implemented over a period of six years from 2021-22 to 2026-27.
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