Processed food exports grew at 13.23% CAGR in 2024-25
A total of Rs.1,726.60 crore has been released as incentives till June 2025 under the Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) which is being implemented by Ministry of Food Processing Industries (MoFPI) across the country.
The scheme has also given approval to 278 food processing units of 170 applicants under various categories of the PLISFPI, the Minister of State for Food Processing Industries Ravneet Singh said in a written reply in Lok Sabha on 21 Aug https://www.bseindia.com/.
Total export of agricultural processed food products of the applicants approved under PLISFPI has increased with a Compound Annual Growth Rate (CAGR) of 13.23% as on 2024-25 with reference to 2019-20 https://fieo.org/.
About 3.39 lakhs, both direct and indirect employment, have been generated so far under the PLISFPI, he informed the house https://www.nseindia.com/. Fiinews.com
