18 April 2022, Mumbai:
Monte Carlo Fashions Ltd, Arvind Ltd, Trident Ltd, and Kimberly Clark India Pvt. Ltd are among 61 Indian textiles companies that have qualified for the government’s ambitious production-linked incentive (PLI) scheme for the sector.
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The Union Government today (Apr 14) said it has approved 61 applications with an investment potential of over Rs 19,000 crore under the production linked incentive (PLI) scheme for textiles.
Textile Secretary U P Singh said that a total of 67 proposals were received under the PLI scheme for the textiles sector.
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A total of 67 companies had applied for the incentives scheme.
The government had approved the PLI scheme for Textiles products like MMF apparel, MMF fabrics and products of technical textiles for enhancing manufacturing capabilities and boosting exports with an approved financial outlay of Rs 10,683 crore over a five-year period.
Out of 67 applications, 15 were received under Part-1 and 52 under Part-2, the official said.
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CREDITS: TOI Mint Dhansutra Swarajyamag (The news article has not been edited by DFU Publications staff)
