Foods & Inns Limited Receives incentives amounting to ₹2.91 Crore under the Integrated Cold Chain and Value Addition Infrastructure Scheme
FOODSIN · price
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Foods & Inns Limited has received the final installment of ₹2.91 Crore as incentive under the Government of India's Integrated Cold Chain and Value Addition Infrastructure Scheme. This incentive is a capital subsidy for the company's cold chain facility located at Vankal, Gujarat. The company had earlier received two prior installments of ₹3.37 Crore and ₹2.11 Crore under the same scheme. With this latest receipt, the total incentives received under the scheme now stand at ₹8.39 Crore.
This is a positive non-operational cash inflow that strengthens the company's capital base with no repayment obligation. While the amount is modest in scale, it validates government support for the company's cold chain infrastructure expansion and reduces effective project cost.