14th September 2021, Mumbai:
As per H'ble PM, Narender Modi with this initiative, India is poised to regain its dominance in the Global Textiles Trade.
Of late PLI Scheme for Textiles with an outlay of Rs. 10,683 crore has been approved putting Indian Textile sector on the road to recovery. Having gone down this path the trade is likely to regain global competitiveness and on the back of the fact, country is also trying to fast track FTA pursuit with the UK & EU market which are the stronghold for Textile industry exports.
Taking steps forward towards the vision 'Aatmanirbhar Bharat', the Government approved the PLI Scheme for Textiles for MMF Apparel, MMF Fabrics, and 10 segments/ produce Technical Textiles with a budgetary offer of Rs. 10,683 crore. PLI schema for Textiles promote production of high-value MMF Fabric, Garments and Technical Textiles in-country.