The Ministry of Food Processing Industries (MoFPI) held a high-level stakeholder consultation in New Delhi to gather industry feedback for designing the next phase of its incentive and subsidy scheme for the food processing sector.
The meeting brought together government officials, industry leaders, sectoral associations, IFCI Ltd, Invest India, and beneficiaries of the Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) to discuss the future framework of fiscal support for the sector.
During the meeting, the ministry highlighted the strong performance of the existing PLISFPI. Against a committed investment of Rs 7,722 crore, companies have invested over Rs 9,207 crore across 212 manufacturing locations in 22 states. Sales of PLI-supported products have nearly doubled to Rs 1,08,854 crore in FY26 from Rs 58,758 crore in FY20, while exports increased to Rs 20,840 crore. The scheme has also generated around 3.35 lakh direct and indirect jobs and facilitated investments of over Rs 3,265 crore in notified tribal areas.
The consultation covered key food processing segments, including ready-to-eat foods, dairy, beverages, marine products, nutraceuticals, plant-based proteins, processed fruits and vegetables, spices, animal feed, and food processing machinery. Industry participants recommended a more flexible, outcome-based incentive framework with greater focus on exports, innovation, research and development, employment generation, technology adoption, and capital investment.
The ministry also announced plans to constitute two dedicated working groups—one to address misconceptions surrounding processed food products and another to strengthen and promote India's food processing sector through a collaborative, science-based, and growth-oriented approach.
MoFPI said it will examine the recommendations received and work closely with industry to develop a transparent and future-ready policy framework aimed at making India a global hub for food processing.