India's food processing PLI scheme creates 2.89 lakh jobs with Rs 8,910 crore investment
food processing industry has generated employment of more than 2.89 lakh (as of October 31), the government said on Friday.
According to data reported by the scheme's beneficiaries, an investment of Rs 8,910 crore has been made across 213 locations in the country, the Ministry of Food Processing Industries said in a statement.
The PLI scheme for Food Processing Industry (PLISFPI) was approved by the Union Cabinet on March 31, 2021 with a budget of Rs 10,900 crore, to be implemented from 2021-22 to 2026-27.
About 171 applicants have been enrolled under the scheme, informed the ministry. The beneficiary selection process under PLISFPI was conducted as a one-time exercise, preceded by active stakeholder engagement and extensive publicity to ensure broad participation.
The Ministry said that by mandating the use of domestically-grown agricultural products (excluding additives, flavours and edible oils) in the manufacturing process, the scheme has substantially increased local raw material procurement, benefiting underdeveloped and rural areas while supporting farmers' incomes.
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