Textile PLI scheme: Companies keeping powder dry by lining up multi-crore investments

14th September 2021, Mumbai:

As per industry sources as many as 35 companies lining up investment in the proximity of Rs 10,000-crore on the back of the Textile PLI scheme announcement.

Possible deterrents

The textile sector is fraught with some of the irritants viz the stringent parameters, such as the Rs 600-crore turnover and targets of additional incremental turnover of 25 percent over the preceding year which could be looked into by the administration; the policy intervention for the requisite ease of doing business can be a life-changer at this point in time when the developed world is pursuing seriously China +1 policy and India optically is in the sweet spot.

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