Textiles Ministry Tweaks PLI Scheme To Draw Investments
The Indian textiles ministry is making the production-linked incentive (PLI) scheme for textiles more attractive by offering more flexibility, after receiving a tepid response from the Indian textile sector.
The textiles ministry has proposed to add more textile product lines and categories in the harmonised system (HSN) codes for MMF products, which has been sent to the cabinet for its approval
The main reason for hiking the product lines and categories has been taken as fashion and the fabrics used in these fashion garments, keep changing intermittently with each new season.
This flexibility is expected to draw more investment and make manufacturing stronger in the MMF textile and garment manufacturing industry.
The PLI scheme commenced two years ago at an outlay of Rs 10,683 crore in a bid to make the manufacturing of MMF made technical textiles and apparels strong.
The ministry also expects that the Indian textile industry will welcome addition of more product lines and thereby invest through the PLI scheme.
