Piyush Goyal, the Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles, urged the participants in the textile industry to work to advance up the value chain and concentrate on high-value products. He was talking to the recipients of the Production Linked Incentives (PLI) scheme for textiles at a review meeting in New Delhi.
He urged the recipients to concentrate on raising the standard of textiles produced in India to a world-class level. The Minister stated that cheap labor cannot remain the exclusive USP of the Indian textile industry. He demanded that workers in the textile sector be paid decently, provided with social security, and integrated into the formal economy.
Goyal admitted that the textile industry has a built-in capacity to boost employment, economic growth, and exports, and that it was one of the areas that Prime Minister Narendra Modi has singled out as having enormous potential.
Before finalizing the details of PLI 2.0, the Minister stated that the center was looking at PLI 2.0 and gave staff of the Ministry instructions to conduct wide and thorough stakeholder discussions. He urged them to strengthen PLI 2.0 and underlined how it would enable the industry to compete internationally with top exporting nations like China and Vietnam.
Representatives from ZIP firms and important officials from the ministry of Textiles attended the evaluation meeting, which was presided by the Hon’ble Minister. Out of the 67 candidates who submitted applications for the PLI Textile Plan 1, 64 were chosen, and 55 of these enterprises have established participating companies. The total amount to be invested over the course of the scheme is INR 19,789 Cr, of which INR 1,536 Cr has already been committed.
A review meeting was conducted to determine how well the projects funded by the Scheme were being implemented and to work out any problems. Companies praised the Ministry for its PLI scheme. In order to facilitate easy understanding, various procedural problems were discussed throughout the meeting. At Dholera, Aurangabad, and Greater NOIDA, NICDC revealed the ready availability of land with plug-and-play facilities.
Additionally, the Minister instructed the Ministry team to actively interact with the participants and address any administrative and state problems they were having. He asked those involved in the textile sector to work with a feeling of duty, or ‘kartavya bhavana,’ to set higher goals and have bigger dreams in order to advance the Indian textile industry.