Darshana Jardosh: PLI Textiles Scheme to hugely boost MMF sector
25 March 2022, Mumbai:
There is a huge scope for the manmade fiber segment both in India and globally, opines Darshana Vikram Jardosh, Union Minister of State for Textiles. Addressing members of the Synthetic and Rayon Textiles Export Promotion Council (SRTEPC) at its Export Award Function, Jardosh said, the government has approved Production Linked Incentive (PLI) Scheme for Textiles to boost the MMF sector in India.
With an outlay of Rs 10,683 crore, the scheme aims to promote production of MMF apparel, fabrics and products of technical textiles in the country. The government has also approved setting up of Seven Greenfield and Brownfield Pradhan Mantri Mega Integrated Textile Region and Apparel Parks with an outlay of Rs. 4,445 crore for seven years upto 2027-28.
ALSO READ Darshana Jardosh: PM MITRA proposals under evaluation
These parks will make the Indian textile industry globally competitive, attract large investment and boost employment generation.
The scheme of Rebate of State and central Taxes and Levies (RoSCTL) effective from March 2019 has been extended till March 31, 2024 for export of apparels, garments and madeups in order to make the technical textiles industry on par with the best in the world.
In addition, the government is implementing various schemes viz the Amended Technology Upgradation Fund Scheme (ATUFS), Schemes for the development of the Powerloom Sector(Power-Tex), Scheme for Integrated Textile Parks (SITP), SAMARTH- The Scheme for Capacity Building in Textile Sector, etc. for attracting investments and upgradation of skills in the Textiles sector, said Jardosh.
Join our community on Linkedin
