Nestle India is planning to avail govt's PLI scheme to boost exports: CMD

Currently, about 5 per cent of Nestle India's sales comes from exports to its affiliate companies in regions where demand from the diaspora is high

The country’s largest food company, Nestlé India, is planning to avail the Union government’s production-linked incentive (PLI) scheme to boost exports. The first food major to express interest in the PLI plan is awaiting the finer details of the flagship scheme.

According to Nestlé India Chairman and Managing Director Suresh Narayanan, aligning the scheme’s objectives with Nestlé India’s expansion plans may help the company grow the exports business. 

“The finance minister has announced the PLI scheme for food processing, which is a very positive move…  Once we have the detailed scheme, we will figure out how our exports business can