Textile ministry reopens PLI scheme, halves turnover threshold to Rs.100 cr
New Delhi, Oct. 28 -- New Delhi: The textiles ministry will reopen the application portal for its production-linked incentive (PLI) scheme for textiles from 1 November to 31 December, lowering the minimum turnover requirement for the scheme's second category to Rs.100 crore from Rs.200 crore to widen participation of micro, small and medium enterprises (MSMEs).
The fourth round of applications aims to boost domestic manufacturing of man-made fibre (MMF) apparel, MMF fabrics and technical textiles, attract investments, generate employment and strengthen India's position in global textile value chains, the ministry said in a statement on Wednesday.
The ministry has also extended the scheme's tenure until the fiscal year 2033-34 for compan...
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