Latest Production Linked Incentive Scheme for Food Processing Industry News & Updates

Government’s Food Processing Incentive Scheme Boosts Industry Growth and Job Creation

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New Delhi, April 21 (IANS) The Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) has driven capacity expansion in food processing, job creation, and export growth, with beneficiaries receiving a total incentive of Rs 2,162.55 crore, the government said on Tuesday.Food processing and preservation capacity has grown by 34 lakh MT per annum, the official statement said, highlighting the scheme’s impact.A total of 165 applications have been approved, corresponding to 274 pr…

Processed food exports share in agri-food exports rises significantly, says government

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New Delhi, Jan 9 (IANS) The share of processed food exports in agri-food exports increased substantially from 13.7 per cent in 2014-15 to 20.4 per cent in 2024-25, the government said on Friday, adding that the sector is one of the largest employment providers in the organised manufacturing field with 12.83 per cent employment in the total registered/organised sector.The Gross Value Added (GVA) in the food processing sector has increased from Rs 1.34 lakh crore in 2014-15 to Rs 2.24 lakh crore i…