HUL, ITC, Dabur Among 60 Firms Selected Under PLI Scheme For Food Processing
Companies can avail the incentives based on their sales and investments between 2021-22 and 2026-27.
India has selected as many as 60 consumer goods firms, including Hindustan Unilever Ltd., ITC Ltd., Nestle India Ltd., Britannia Industries Ltd., Gujarat Cooperative Milk Marketing Federation Ltd. and Dabur India Ltd., for production-linked incentives worth Rs 10,900 crore as part of the government's efforts to boost local manufacturing as well as exports.
The companies can avail the incentives based on their sales and investments over a six-year period from 2021-22 to 2026-27, according to a notification on the Ministry of Food Processing Industries’ website. Similar schemes were approved for automakers and drugmakers earlier this year.
The ministry said it received applications from 91 consumer goods companies in response to the invitation for expressions of interest between May and June. Investment details of each company, however, were not disclosed.
The companies can avail incentives under four major categories—ready-to-cook or ready-to-eat food; processed fruits and vegetables; marine products; and mozzarella cheese. Small and medium enterprises with organic portfolios in free-range eggs and poultry meat will be covered. It also provides for grants to the entities for branding and marketing.
The list released by the government on Monday showed that as many as 12 applications received approval in the ready-to-eat and ready-to-cook segment; 33 under the fruits and vegetables category; 11 under processed marine products; and four under mozzarella cheese. Companies, including HUL, GCMMF—which owns the Amul brand—and ITC have secured approvals under multiple categories.
List of companies selected under PLI scheme:
Ready-to-eat/Ready-to-cook:
Britannia Industries Ltd.
Haldiram Snacks Pvt.
Gujarat Cooperative Milk Marketing Federation Ltd.
Parle Biscuits Pvt.
Bikaji Foods International Ltd.
ITC Ltd.
Haldiram Foods International Pvt.
Bikanervala Foods Pvt.
Balaji Wafers Pvt.
Anmol Industries Ltd.
Hindustan Unilever Ltd.
Prataap Snacks Ltd.
Fruits & Vegetables
Parle Agro Pvt.
Synthite Industries Pvt.
Asandas And Sons Pvt.
Plant Lipids Pvt.
Kancor Ingredients Ltd.
Everest Food Products Pvt.
MTR Foods Pvt.
McCain Foods India Pvt.
Tasty Bite Eatables Ltd.
ITC Ltd.
Hindustan Unilever Ltd.
Exotic Fruits Pvt.
Foods and Inns Ltd.
Iscon Balaji Foods Pvt.
Aachi Masala Foods Pvt.
Pravin Masalewale
Varun Beverages Ltd.
Keventer Agro Ltd.
Capital Foods Pvt.
Nestle India Ltd.
Vidya Herbs Pvt.
DS Spiceco Pvt.
Dabur India Ltd.
Tata Consumer Products Ltd.
Om Oil & Flour Mills Ltd.
Fieldfresh Foods Pvt.
Nilons Enterprises Pvt.
Suruchi Spices Pvt.
Gujarat Cooperative Milk Marketing Federation Ltd.
Sahyadri Farmers Producer Co.
Moon Beverages Ltd.
Emami Agrotech Ltd.
Ghodawat Consumer Pvt.
Marine
Falcon Marine Exports Ltd.
Asvini Fisheries Pvt.
Devi Sea Foods Ltd.
Sandhya Aqua
Devi Fisheries Ltd.
Sandhya Marines Ltd.
Avanti Frozen Foods Pvt.
Gadre Marine Export Pvt.
Choice Trading Corp.
ITC Ltd.
Nekkanti Sea Food Ltd.
Mozzarella Cheese
Parag Milk Foods Ltd.
Gujarat Cooperative Milk Marketing Federation Ltd.
Sunfresh Agro Industries Pvt.
Indapur Dairy and Milk Products Ltd.
Scheme Details
In March this year, the Union Cabinet approved a PLI scheme for the food processing sector which it said will help create 2.5 lakh jobs by 2027, boost exports and ensure availability of a wider range of value-added products for consumers. The objectives also include increasing employment opportunities for off-farm jobs and ensuring remunerative prices of farm produce and higher income to farmers. The scheme, it said, would help widen capacity to generate processed food output of Rs 33,494 crore.
Selected applicants will be required to undertake investment, as quoted in their application, in plant and machinery in the first two years—2021-22 and 2022-23. Investments made in 2020-21 will also be counted for meeting the mandated investment.
The incentives, ranging from 4% to 10% and up to a predetermined maximum amount, on various product categories will be paid out on incremental sales.