India Prepares Fresh PLI Scheme for Food Processing Sector

The Indian government is readying a new round of the Production-Linked Incentive (PLI) scheme to invigorate the food processing sector. This renewed policy initiative signals continued efforts to strengthen manufacturing and stimulate value addition in the agribusiness ecosystem. 

PLI Scheme Set to Boost Domestic Food Manufacturing 

Speaking at the 98th Annual General Meeting of FICCI, Food Processing Secretary A P Das Joshi declared that the government is preparing the next phase of the PLI scheme for the food processing sector. This move aims to further enhance domestic manufacturing capacity while encouraging greater investments in modernisation and innovation. 

The previous PLI scheme played a pivotal role in attracting ₹10,900 crore of committed investments and creating more than 2,50,000 employment opportunities. With the upcoming version, the government intends to build on this success by widening the scope and including more product segments and smaller manufacturers. 

Targeting Value Addition and Export Potential 

This new PLI round will focus on promoting value addition rather than just output volume. The emphasis will be on enhancing product shelf life, promoting processed foods suitable for exports, and aligning with global food safety and certification standards.  

This is likely to transform the food supply chain and generate multiplier benefits across agriculture and allied sectors. 

Read More: Cabinet Approves ₹7,280 Crore Scheme to Boost Rare Earth Magnet Manufacturing in India! 

Conclusion 

India’s fresh PLI initiative for the food processing sector marks a strategic push to boost value addition, domestic processing capabilities and exports. With potential benefits across agricultural supply chains, the scheme reaffirms the government’s commitment towards a robust and inclusive manufacturing ecosystem. 

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