To what extent has the Production Linked Incentive Scheme for the food processing industry facilitated value addition, employment generation, and global competitiveness in India's food processing industry? (Answer in 250 words)
Main Body
India is the 4th largest food-processing economy in the world. India is the top produces of fruits, vegetables, milk and offers ample opportunities for global demand. PLI scheme for food processing industry: A Facilitates value addition: (1) Created infrastructure based on hub and spoke model for cluster-based value addition. (2) Created infrastructure in form of cold-chain and supply-chain management. (3) Encouraging private sector participation for value addition ↪ Eg: Mega Food Parks. (4) Global investment in value addition ↪ Eg: 100% FDI allowed under food processing (5) Farm to Fork strategy: ↪ Prevent post-harvest losses B Employment generation: (1) Food processing is a sunrise industry ↪ offers opportunity for absorbing of labour. (2) Capital-intensive industry. ↪ PLES data. shows more than 10 million jobs created. (3) Support agriculture sector and public-engaged employment (4) Food processing results in employment
generation in ancillary industries like transportation, logistics, etc. C Global competitiveness: (1) 100% FDI has allowed major global players to enter Indian market. (2) Integrated with global value supply chain ↪ Eg: Indian Basmati rice- popularity. iii Influences bilateral trades ↪ Eg: India-UAE focus on phased-based alliance. iv Indian products reaching new markets like Latin America.
Eg: Indian Basmati rice- popularity. iii Influences bilateral trades ↪ Eg: India-UAE focus on phased-based alliance. iv Indian products reaching new markets like Latin America. Indian to PLI scheme for food processing industry has fastened the inherent advantages of the sector for an overall economic growth.
Conclusion
Indian to PLI scheme for food processing industry has fastened the inherent advantages of the sector for an overall economic growth.
21 words
Apurva Verma
Agriculture and Food Security
Food processing
PLI scheme and food processing industry
261
Total words
1
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