ADF Foods has received approval from the Government of India under Category III of the Production Linked Incentive Scheme for Food Processing Industries. The Company would be extended financial incentive at 50% of budgeted outlay on international Branding and Marketing expenditure or 3% of sales of food products whichever is lower subject to a maximum incentive of Rs 61.35 crore during the scheme tenure from FY21-22 to FY25-26. This will assist the Company in augmenting its export sales through increased branding expenditure.
The scheme has been formulated based on the Government's vision for a ‘AatmaNirbhar Bharat’ for enhancing the nation’s manufacturing capabilities and exports. The Government intends to create global food manufacturing champions based in India, strengthen Indian brands abroad, increase employment opportunities, ensure remunerative prices of farm produce and increase farmers' income.
ADF Foods manufactures and processes a wide range of canned, bottled and processed vegetables fruits and foods for the export and domestic markets with a manufacturing capacity of 12,600 tpa.
