The government announced that the food processing industry’s Production-Linked Incentive (PLI) Scheme has so far attracted investments of Rs 9,207 crore and created about 3. 29 lakh jobs.
The plan, which was started by the Ministry of Food Processing Industries, is being carried out over six years, from FY 2021–22 to FY 2026–27, with a total expenditure of Rs 10,900 crore.
Its goal is to create jobs, improve value addition, and grow processing capability, especially in the rural and off-farm industries.
The plan includes important areas such as marine goods, processed fruits and vegetables, mozzarella cheese, and ready-to-cook and ready-to-eat (RTC/RTE) meals. Additionally, it encourages branding and marketing programs that promote the worldwide presence of Indian food goods, as well as novel and organic items from MSMEs.
The initiative has given the green light to a total of 128 businesses, which cover 274 units throughout the nation and see significant involvement from the MSME sector. The program includes up to 68 MSME candidates and 40 contract manufacturing facilities.
According to the government, the initiative has resulted in substantial capacity development, technological advancements, and modernization of food processing facilities in a number of states.
With cumulative investments reaching Rs 9,207 crore against a committed Rs 7,722 crore across 22 states, investment under the scheme has surpassed initial commitments.
Additionally, the capacity for processing and preserving has increased by about 34 lakh metric tonnes annually.
Additionally, the administration said that, despite global challenges, sales of items supported by PLI have increased at a compound annual growth rate (CAGR) of 10. 58% while exports have increased at a CAGR of 7. 41%.
Under the plan, millet-based items have experienced a significant increase, with sales rising from Rs 345. 73 crore in FY23 to Rs 1,845. 25 crore in FY25. The acquisition of millets has increased dramatically as well throughout the time.