The Selection Committee led by Secretary, Ministry of Textiles, Shri U.P. Singh has chosen 61 candidates under Production Linked Incentive (PLI) Scheme for Textiles. An aggregate of 67 applications were gotten for the PLI plot out of which 15 applications are under Part-1 and 52 applications are under Part-2.
Tending to the media in a question and answer session, Secretary, Ministry of Textiles, Shri UP Singh expressed that in the 61 applications endorsed the proposed absolute venture anticipated from the candidates is Rs. 19,077 crore and a projected turnover is Rs. 184,917 crore over a time of 5 years with a proposed direct work of 240,134.
The plan has two sections, Part 1 where least speculation is Rs. 300 crore and least turnover expected to be accomplished for motivating force is Rs.600 crore; and Part-2, where least venture is of Rs. 100 crore and least turnover expected to be accomplished for motivating force is Rs. 200 crore.
Three recorded organizations are chosen under Part 1 and 10 recorded organizations are chosen under Part 2.Government supported Production-Linked Incentive (PLI) Scheme for Textiles items, in particular MMF Apparel, MMF Fabrics and Products of Technical Textiles, for upgrading India’s assembling capacities and improving commodities with an endorsed monetary cost of Rs 10,683 crore more than a five-year time span. To additional lift the development of the area, focus likewise eliminated the import obligation of cotton.
The Notification for the plan was given on 24.09.2021. Functional Guidelines for Production Linked Incentive (PLI) Scheme were given on 28.12.2021. Applications under PLI Scheme for Textiles were gotten through online interface from 01.01.2022 to 28.02.2022.