Leading FMCG companies have termed the PLI scheme approved by the government for the food processing sector as a game-changer that would help bring more investment
Leading FMCG companies have termed the PLI scheme approved by the government for the food processing sector as a game-changer that would help bring more investment, increase the income of farmers and boost Agri exports.
Leading companies operating in the packaged food segment as HUL, ITC, Britannia, Parle, and Nestle welcomed the production-linked incentive (PLI) scheme approved by the government on Wednesday.
The move would also help create more jobs in the sector, ensure the availability of a wider range of value-added products for consumers and the Indian companies to establish themselves in the foreign markets.
The government on Wednesday approved a production-linked incentive (PLI) scheme for the food processing sector, entailing an outlay of Rs 10,900 crore.
Commenting over the development, ITC Chairman and Managing Director Sanjiv Puri termed the scheme as a game-changer for the sector and complimented the government for spearheading this transformative step forward.
The PLI Scheme approved today will be a game-changer in boosting food processing investments, agri-exports, farmer incomes and in building Indian brands for the global market, he said.
Food company Britannia Industries said the move provides a much-needed boost to the food processing sector and also promotes growth and investments.
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