PLI scheme for textiles
Production Linked Incentive (PLI) scheme for textiles sector was approved by the Union Cabinet recently with an outlay of Rs.10,683 crore. It was approved as part a larger PLI scheme for 13 sectors with the total outlay of Rs.1.97 lakh crore. The scheme seeks to attract investment worth Rs.19,000 crore for the production of in-demand textiles.
The newly launched scheme aims to promote the production of high value Man-Made Fibre (MMF) fabrics, garments and technical textiles. This is significant as two-thirds of international trade in the sector is MMF textiles. The scheme will significantly help boosting domestic manufacturing and exports in textile sector.
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