The government has started preparations to launch the next phase of the new Production-Linked Incentive (PLI) Scheme for the food processing sector. At the 98th Annual General Meeting of FICCI on Friday, Food Processing Secretary A. Giving this information, P. Das Joshi said that the government is continuously taking policy steps to strengthen this industry.
Food processing sector important for economic development
Joshi said that the food processing industry is very important for the country’s economy, farmers’ income and millions of jobs. The existing PLI scheme has increased production and now through the new scheme the government wants to attract more companies, so that the availability of value added food products in the country can further increase.
New PLI scheme will provide new energy to the industry
The official said that the upcoming PLI scheme aims to promote large-scale investment in the industry, bring cutting-edge technology and strengthen the presence of Indian products in international markets. This will also create new jobs and increase opportunities for units at all levels, big and small.
Strong connection being formed between farmers and industry
The government is also working on strengthening the supply chain between the agriculture sector and the food processing industry. With this, farmers will get better prices for their products and regular supply of raw materials to the industry will be ensured. This step will also strengthen the rural economy.
Government seeking suggestions from industry
Joshi said that the government is improving the policies by understanding the needs of the industry and wants the industry to share its suggestions, so that the upcoming PLI scheme can be made more effective. The new scheme is expected to strengthen India’s position as a global hub of food processing.
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