Parag Milk Foods has received approval of the application made under the Product Linked Incentive (PLI) Scheme -- category 1 Mozzarella Cheese Segment. The PLI Scheme is based on the strategy of ‘Atmanirbhar Bharat- Strategies for enhancing India’s manufacturing capabilities and enhancing exports in ten sectors’, which had been approved by the Union Cabinet on February 24, 2021.
The scheme will encourage investment in four food segments: Ready to Cook/ Ready to Eat (RTC/RTE), including millet-based foods, processed fruits and vegetables, marine products, mozzarella cheese. The objective of the scheme is to support the creation of global food manufacturing champions; support Indian brands of value-added food products in the international markets; increase employment opportunities for off-farm jobs and ensure remunerative prices of farm produce and higher income to farmers.
Parag Milk Foods, established in 1992, is the largest private dairy FMCG company with a pan India presence.
