The Production Linked Incentive Scheme for the Food Processing Industry (PLISFPI) has yielded positive results, with cumulative investment exceeding nine billion rupees against an initial commitment of around seven billion rupees. The Ministry of Food Processing Industries (MoFPI) stated that this investment indicates that companies have exceeded their initial investment commitments. Speaking at a press conference in New Delhi today, Joint Secretary of MoFPI, D. Praveen, said that the scheme has also contributed to the growth in sales and exports of Production Linked Incentive (PLI)-supported products. He mentioned that sales of PLI products have increased by 10.58% and export sales of PLI products have increased by 7.4%.
Mr. Praveen informed that approximately 34 lakh metric tonnes per annum of processing and preservation capacity has been added under the scheme. He said that the scheme has also generated employment for more than 3 lakh people, including both direct and indirect employment. The joint secretary added that the sales of Millet-Based Products have also increased from around 345 crore rupees in 2022-23 to around 1845 crore rupees in 2024-25.
Implemented in 2021-22, the PLI scheme for the Food Processing Industry has supported the branding and marketing of Indian food products, enabling Indian brands to expand their presence in international markets. It has also helped in the development of the food processing sector by promoting investment, increasing production capacity, boosting exports, supporting Indian brands, generating employment, and strengthening the overall food processing ecosystem in the country.