CII welcomes the decision of the Union Cabinet to approve the Central Sector Scheme – “Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)” which is aimed at supporting the creation of global food manufacturing champions as well as the Indian brands of food products in the global markets with an outlay of Rs. 10900 crore.
With a significant potential for enhancing value added exports, there is enough scope to increase the export of more value added and processed food such as ready to eat, ready to drink, ready to cook in all segments like meat, fish, F&V and even grain-based high-end cookies of millets, traditional Indian food/vegan food, that is in demand overseas by the Indian diaspora.
There are a host of initiatives that are already underway to promote value addition and better utilisation of agricultural produce; minimise wastage/losses at all stages in the food processing chain by development of infrastructure for storage, transportation and processing of agro produce; induction of modern technology in the food processing industries; encourage R&D in food processing for products and process development; provide policy support, promotional initiative and facilities to promote value added exports and create the critical infrastructure to fill the gaps in the supply chain from farm to consumer, by the Ministry of Food Processing Industries (MoFPI) under the umbrella scheme Pradhan Mantri Kisan Sampada Yojana (PMKSY).
However, adoption of modern technology or good production practice for value added or processed food products are not adequate for increasing production and their export without effective marketing promotion activities. The PLI scheme will play a key enabling role in supporting the branding, marketing, initiatives to help acquire new markets
CII believes that the Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) will catapult the Indian food exporters since the Food processing sector plays a pivotal role in creation of off-farm employment, increasing farmers’ income, reducing post-harvest losses of agricultural and allied sector produce through investments in preservation and processing infrastructure for value addition in the country.
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. We compliment the Hon’ble Prime Minister for the Vision and the Government for spearheading this transformative step forward.
Mr Sanjiv Puri
Chairman, CII National Council on Agriculture &
Chairman and Managing Director ITC Limited
The Production Linked Incentive Scheme for Food Processing Industry will enable the creation of modern infrastructure with efficient supply chain management from farm gate to retail . This will create an enabling ecosystem for aggregation, collaboration and access to export markets.
Mr Suresh Narayanan
Chairman, CII National Committee on Food processing Industries &
CMD, Nestle India
Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) will facilitate expansion of processing capacity to gen erate processed food output of Rs 33,494 crore by 2026-27, as a result of enhanced investments (towards meeting the stipulated investment threshold) by the participating industry, thereby significantly contributing to value addition and reduction in the food wastage.
Mr Sudhir Sitapati
Co Chairman, CII National Committee on Food processing Industries &
Executive Director – Foods & Refreshments, HUL
Given that the need of the hour is to move up the value chain in processed food products by establishing efficient backward linkages to contribute to nation’s food security as well as contribute towards improving the income level of the farmers, the Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) will help create newer markets for the farmers, create employment for nearly 2.5 lakh persons by the year 2026-27, as well as ensure remunerative prices of farm produce and higher income to farmers.
Mr Mayank Jalan
Co Chairman, CII National Committee on Allied sectors in Agriculture &
CMD, Keventer Agro
Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) is indeed timely and along- side the existing agricultural reforms, will create an enabling environment and strong impetus for output linked growth of the food exports and creation of brand India for the Indian food processing industry.
Mr Piruz Khambatta
Chairman, CII Task Force on Ease of Doing Business &
Chairman & Managing Director, Rasna Private Limited