News Update

Nestle India acquires government approval for the PLI scheme for processed fruits and vegetables.

• ByStartupStory     |    December 8, 2021

Food and Drink processing company, Nestle India announced that the company has received approval from the government for the  production-linked incentive (PLI) scheme for processed fruits and vegetables. Earlier in June 2021, the company mentioned in its regulatory filing that it has submitted a proposal towards the Indian government’s PLI for the food processing sector under the eligible categories of ready-to-eat/ready-to-cook and processed fruits and vegetables. 

After the approval, the company thanked the government and said, ” We received communication from the Government of India that its proposal with respect to processed fruits and vegetables has been approved”, the company further added, “We always believed that the PLI scheme for the food processing sector will help farmers and the food processing industries” 

The food processing ministry had said that 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 this year, the government had approved a PLI scheme for the food processing sector, entailing an outlay of Rs 10,900 crore.

Follow Startup Story