India is a global leader when it comes to apparel production. The vast abundance of raw materials, diversified portfolio of home-grown fabrics and, most importantly, skilled human capital makes the country a lucrative textile and apparel hub. The Government’s approval of the PLI scheme for the textile and MMF sector comes at the right time as countries worldwide are looking at diversifying their supply chain. This scheme could encourage Indian apparel and textile MSMEs to adopt new and innovative technology, helping to scale up production of MMF, leading to higher volumes of export. With MMF growing in popularity over the last few years, this would ultimately help India penetrate deeper into global value chains and unleash the true potential of the country’s textile sector,” said Vivek Ramachandran, CEO, Serai, a digital B2B platform that helps simplify global trade for apparel businesses.