The Textiles Ministry has announced significant revisions in the Production Linked Incentive (PLI) Scheme for manmade fibre (MMF) apparel & fabrics, and products of technical textiles to make the Scheme more attractive for investors.

These include expanding the list of eligible products that can benefit from the Scheme in the given categories, doing away with the requirement of setting up new companies, reducing by half the minimum investment threshold and also lowering the incremental turnover criteria, per a statement issued by the Textiles Ministry on Thursday.

“These significant amendments are designed to address industry challenges, enhance ease of doing business, encourage fresh investments in the sector, and accelerate growth, underscoring the government’s focus on fostering emplo

See Full Page