Government approved Production-Linked Incentive (PLI) Scheme for Textiles products: MMF Apparel, MMF Fabrics and Products of Technical Textiles for enhancing India’s manufacturing capabilities and enhancing exports with an approved financial outlay of Rs 10,683 crore over a five year period. The Notification for the scheme was issued on 24.09.2021. Operational Guidelines for Production Linked Incentive (PLI) Scheme were issued on 28.12.2021. Applications under PLI Scheme for Textiles were received through web portal from 01.01.2022 to 28.02.2022.
The scheme has two parts, Part 1 where minimum investment is Rs. 300 crore and minimum turnover required to be achieved for incentive is Rs.600 crore; and Part-2, where minimum investment is of Rs. 100 crore and minimum turnover required to be achieved for incentive is Rs. 200 crore. A total of 67 applications have been received for the PLI scheme out of which 15 applications are under Part-1 and 52 applications are under Part-2. Selection Committee chaired by Secretary (Textiles) has selected 61 applicants as of now under the scheme.
In the approved 61 applications the proposed total investment is Rs. 19,077 crore and a projected turnover of Rs. 184,917 crore with a proposed employment of 240,134.