Nestle joins incentive scheme for food processing sector

New Delhi: FMCG major Nestle India on Tuesday said it has received approval from the government for the production-linked incentive (PLI) scheme for processed fruits and vegetables.

In June 2021, the company had submitted its proposal towards the Indian government’s PLI for the food processing sector under the eligible categories of ready-toeat/ ready-to-cook and processed fruits and vegetables, Nestlé India said in a regulatory filing.

On December 6, 2021, the company “received communication from the Government of India that its proposal with respect to processed fruits and vegetables has been approved”. Thanking the government for the approval, Nestlé India said it has “always believed that the PLI scheme for the food processing sector will help farmers”.

The food processing ministry on Monday had said it has approved 60 applications of investment proposals by packaged food companies, including Amul, ITC, HUL, Britannia Industries, Parle Agro, Tata Consumer Products and Nestle India seeking benefits under the PLI scheme. In March, the government had approved a PLI scheme for the food processing sector, entailing an outlay of Rs 10,900 crore. -(PTI)