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Date: 05/07/2024

Lowering of minimum investment for PLI in textiles likely

The Production Linked Incentive (PLI) scheme for textiles, which is being further reviewed by the government to possibly include more products, could have a lower minimum investment and turnover criteria to allow smaller entities to be eligible for it. The PLI scheme for the textiles sector, launched in 2021 with an approved outlay of Rs 10,683 crore, is so far extended only for the production of man-made fibres (MMF) apparel, MMF fabrics, and products of technical textiles.
 
The scheme was re-opened last year as the initial round did not attract enough investments to use up the entire earmarked outlay. While the industry had been pushing for the inclusion of cotton garments in the scheme and lowering the criteria for minimum investment and turnover, no changes were made to the scheme when applications were invited for the second round, as per a report.
 
Source: Exim News Service: New Delhi, July 4



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