Textiles PLI scheme: Guidelines issued

28 December 2021, Mumbai:

The Centre on Tuesday released the operational guidelines for the production-linked incentive (PLI) scheme for textiles. Under this, companies can begin the registration process from January 1-31, 2022, on the government’s online portal.

In case of an insufficient number of eligible applications, the application window for selecting new applicants will be reopened.

In their application, companies will have to inform the ministry of textiles regarding their annual investment plan, expected sales, turnover, expected employment generation as well as exports during the tenure of the scheme, according to the guidelines.

Incentives worth Rs 10,683 crore will be provided over five years for manufacturing man-made fabrics, garments — jerseys, overcoats, trousers, polyester suitings, and shirtings, among others.

BUSINESS STANDARD (The news article has not been edited by DFU Publications staff)

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