The Centre has chosen 61 candidates beneath Manufacturing Linked Incentive (PLI) scheme for the textiles sector.
In line with Union Textiles Secretary U.P. Singh, 61 purposes had been accepted with Rs 19,077 crore anticipated as the overall funding and a projected turnover of Rs 184,917 crore over a interval of 5 years with a proposed direct employment of 240,134.
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In all, a complete of 67 purposes had been obtained, out of which 15 purposes are beneath half 1 of the scheme and 52 purposes are beneath half 2. The scheme has two components – part-1, the place minimal funding is Rs 300 crore and minimal turnover required to be achieved for incentive is Rs 600 crore, and half 2, the place minimal funding is of Rs 100 crore and minimal turnover required to be achieved for incentive is Rs 200 crore.
Earlier, the Centre had accepted the PLI scheme for textiles merchandise, particularly MMF Attire, MMF Materials and Merchandise of Technical Textiles, for enhancing India’s manufacturing capabilities and enhancing exports with an accepted monetary outlay of Rs 10,683 crore over a five-year interval.
As well as, to additional increase the expansion of the sector, Centre has eliminated the import responsibility on cotton.
