Food processing ministry rolls out EOI for PLI scheme
SECTIONS
Last Updated: May 03, 2021, 09:30 PM IST
Share
Synopsis
The incentive will be 6-10% on first year and 4-8% on sixth year on incremental sale. Base year for calculation of incremental sales would be 2019-20 for the first 4 years and for subsequent two years, it would shift to 2021-22 and 2022-23, respectively.
The scheme has been announced for three categories of food processing companies - aimed at expanding the domestic capacity for food processing and potentially generate additional Rs 33,500 crore worth of processed food.
The ministry of food processing, on Monday, invited expression of interest from companies for availing incentives under the recently announced Production-linked Incentive (PLI) scheme for the sector with an outlay of Rs 10,900 crore over next six years. The last date for submitting proposal is June 17, 2021.
Dell, Foxconn and 17 other companies apply for IT hardware PLI scheme
May 05, 2021
The scheme will bring additional investment in electronics manufacturing to the tune of ₹2,350 crore - GORODENKOFF
The scheme will bring additional investment in electronics manufacturing to the tune of ₹2,350 crore - GORODENKOFF×
A total production of ₹1.6-lakh crore expected over the next four years
Nineteen companies, including Dell, ICT (Wistron), Flextronics, Rising Stars Hi-Tech (Foxconn) and Lava, have filed for the Production-Linked Incentive (PLI) scheme under the information technology hardware category.
The scheme, which was notified on March 3, was open for filing of applications till April 30.
Domestic firms
May 03, 2021
To support 21 GW modules from over 5 years The Ministry of New & Renewable Energy guidelines for the Production-Linked Incentive (PLI) scheme is expected to promote the domestic manufacturing of high efficiency solar modules and reduce dependence on imports in the solar power sector.
The benefits available under the PLI scheme along with the imposition of basic customs duty (BCD) on imported solar PV cells and PV modules are likely to improve the cost competitiveness of domestic PV module manufacturers against imported modules by more than 10 per cent at the prevailing imported module prices, under assumption of backward integration up to cells
Food Processing Ministry floats EoI for PLI scheme
May 03, 2021
The scheme aims to also offer incentives to players involved in frozen, steamed, boiled, pickled, dried, processed, preserved or provisionally processed fruit and vegetables - BL
The scheme aims to also offer incentives to players involved in frozen, steamed, boiled, pickled, dried, processed, preserved or provisionally processed fruit and vegetables - BL×
RELATED
Selected applicants will get sales-based sops after fulfilling fresh investment target The Ministry of Food Processing has floated an expression of interest (EoI) inviting applications from companies for availing incentives under the recently announced Production-linked Incentive (PLI) scheme for the sector with an outlay of ₹10,900 crore. Applicants will need to submit their proposals by June 17 through the Ministry’s online portal.
Food processing ministry rolls out EOI for PLI scheme
SECTIONS
Last Updated: May 04, 2021, 10:16 AM IST
Share
Synopsis
The incentive will be 6-10% on first year and 4-8% on sixth year on incremental sale. Base year for calculation of incremental sales would be 2019-20 for the first 4 years and for subsequent two years, it would shift to 2021-22 and 2022-23, respectively.
The scheme has been announced for three categories of food processing companies - aimed at expanding the domestic capacity for food processing and potentially generate additional Rs 33,500 crore worth of processed food.
The ministry of food processing, on Monday, invited expression of interest from companies for availing incentives under the recently announced Production-linked Incentive (PLI) scheme for the sector with an outlay of Rs 10,900 crore over next six years. The last date for submitting proposal is June 17, 2021.