The government is planning a major revamp of its flagship incentive scheme for capital investments in the textile and garment sector to improve its performance.
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The government is planning a major revamp of its flagship incentive scheme for capital investments in the textile and garment sector to improve its performance.
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.
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.