MoFPI – Ministry of Food Processing Industries has accorded approvals to various companies under Production Linked Incentive Scheme for Millet Based Products (PLISMBP) and Production Linked Incentive Scheme for Food Processing Industries (PLISFPI) for “Organic Products” – as reported by fnbnews.
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The large entities include Nestle India Ltd, Tata Consumer Products Ltd, ITC Ltd, Hindustan Unilever Ltd, Marico Ltd, Mrs Bector’s Food Speciality Ltd, Ravi Food Pvt Ltd and SWG Industries Ltd.
MoFPI had invited Expression of Interest (EoI)/ Proposals in June this year for availing sales based incentives under Production Linked Incentive Scheme for Millet Based Products from Large Entities and MSMEs.
Applications were also invited for availing sales based incentives for organic products under Production Linked Incentive Scheme for Food Processing Industries from SME categories of applicants.
The three organic manufacturers include Elite Green Pvt Ltd, LRM Spices Pvt Ltd and NB Laboratories Pvt Ltd.
The Government of India has approved the PLI scheme for Food Processing for implementation for the year 2021-22 to 2026-27 with a corpus of Rs 10,900 crore. The objective of the scheme was to support creation of global food manufacturing champions, and support Indian brands of value-added food products in the international markets.
Also, earlier this year MoFPI has issued specifications of millet content in the millet-based ready to cook/ ready to eat products under the Production Linked Incentives Scheme for Food Processing Industry. Millet products were divided into three categories.
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The products include breakfast cereals having finger, pearl, foxtail, little, kodo, barnyard and sorghum millets, wherein the minimum incorporation level with individual millet was fixed at 25%, the second category includes pasta, noodles, spaghetti having finger, pearl, foxtail, little, kodo, and sorghum millet, wherein the minimum incorporation level with individual millets is fixed at 10% and other ready to cook/ eat products with 20% minimum incorporation level of individual millet.