The government is aiming at notifying the production-linked incentive (PLI) scheme, that was announced to boost domestic manufacturing, for sectors like auto components, steel, and textiles.
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The 10th Annual General Meeting of the Indian Technical Textile Association (ITTA) was held on December 16, 2020 through video conferencing under the Chairmanship of Dr Sundararaman KS, Chairman, ITTA.
In September 2020, Textile Secretary Ravi Capoor informed investors that the Government of India was planning to bring a “focussed product scheme†to incentivise production of synthetic fibre-based apparel and technical textiles.
On November 11, 2020, the Union Cabinet gave its approval to extend the PLI scheme to textile products along with nine other new sectors entailing additional financial outlay of Rs 1,460 billion over a five-year period.
The Union Cabinet gave its approval to extend the Production- Linked Incentive (PLI) scheme to textile products along with nine other new sectors entailing additional financial outlay of Rs 1460 billion over a 5-year period
On November 11, 2020, The Union Cabinet gave its approval to extend the production-linked incentive (PLI) scheme to textile products along with nine other new sectors entailing an additional financial outlay of Rs 1460 billion over a 5-year period.
Ashwin Chandran, Chairman, The Southern India Mills’ Association (SIMA) has thanked the Prime Minister and Union Textile Minister for including textile industry and allocating budget for improving manufacturing capabilities and boosting exports.