Cabinet approves ?10,683 crore incentive scheme for textile sector

Current GK ( Master) Giovernment Schemes

Production-linked incentive scheme for textile sector will benefit States such as Gujarat, U.P., Maharashtra, Tamil Nadu, Punjab, Andhra Pradesh, Telangana, and Odisha
The Central government on September 8 approved production-linked incentive (PLI) for the textile sector with a budgetary outlay of ?10,683 crore.
The scheme is for man-made fibre (MMF) apparel, MMF fabrics and 10 segments/products of technical textiles.
According to an official statement, the incentive structure for the textile sector is designed to encourage investment in fresh capacities in MMF apparel, MMF fabrics, and 10 segments or products of technical textiles.
The scheme envisages two types of investment with different set of incentive structure. In type one, any person, (which includes firm/company) willing to invest minimum ?300 crore in plant, machinery, and civil works (excluding land and administrative building cost) to produce the notified products will be able to participate in the scheme. In the second type, anyone willing to invest minimum ?100 crore will be eligible to participate.
The government has already launched a National Technical Textiles Mission to promote research and development in that sector.