Despite sluggish domestic demand, PLI builds FMCG appetite for expansion

Amul has accelerated its expansion plans in ice creams and other ready-to-eat products

After the government announced a production-linked incentive (PLI) scheme extending incentives worth Rs 10,900 crore for the food processing sector on March 31, Dabur India was the first company to announce in June that it had set up a Rs 550-crore factory to manufacture food products, Ayurvedic medicines and health supplements in the SMART Industrial Park near Indore.

The company had also said then that the first phase of construction of this new facility — which has been planned under the Mega Projects Scheme of the Madhya Pradesh government as well as the Centre’s PLI scheme — is scheduled for completion