Cabinet okays Rs 10,900 cr PLI for food processing units under 4 buckets

The Union Cabinet on Tuesday approved the much-anticipated production-linked incentive scheme for the food processing sector, paving the way for a rapid expansion of Indian packaged food majors. With an approved outlay of Rs 10,900 crore, the scheme aims to boost local production and export of food items in four categories, apart from special support for innovative items and small and medium enterprises (SMEs) in the sector.