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GOVT RECEIVED INVESTMENT PROPOSALS WORTH RS 33,129 CR DURING WORLD FOOD INDIA 2023
The Business Guardian
|February 08, 2024
MoFPI in India sees a surge in investment interest totaling Rs 33,129 crore, driven by schemes and initiatives promoting the food processing sector’s growth
The Ministry of Food Processing Industries (MOFPI) has received Rs 33,129 crore worth of investment interests including those announced and memorandum of agreements signed during the World Food India 2023. The investments will give a boost to the food processing sector that the Ministry has been promoting through schemes such as Pradhan Mantri Kisan SAMPADA Yojana (PMKSY), Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) and PM Formalization of Micro Food Processing Enterprises (PMFME).
Projects assisted under these scheme have resulted in estimated investment leverage of more than Rs 25869 crore, Minister of State for Food Processing Industries Shobha Karandlaje informed Lok Sabha on Tuesday.
This story is from the February 08, 2024 edition of The Business Guardian.
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