For the textile sector of the Center, Rs. 10.5 crore PLI scheme approved

(PTI) New delhi date. 3

The Cabinet on Wednesday announced a Rs 10.5 crore Production Linked Incentive (PLI) scheme for the textile sector. The announcement was made for the textile sector to boost domestic manufacturing and exports. In addition, the central government has increased the support price of one quintal of wheat by Rs 50 to Rs 2016. The price at which the government buys grain from farmers is called the support price.

The decision was taken at a cabinet meeting chaired by Prime Minister Narendra Modi. Textiles Minister Piyush Goyal told reporters that the cabinet has announced a PLI scheme of Rs 10.5 crore for textiles including man-made fiber (MMF) April, MMF fabrics.

It may be mentioned that in the Union Budget 2031-6, a PLI scheme of Rs 1.5 lakh crore was announced for a total of 12 sectors. Which also included the textile sector.

According to sources, the PLI scheme in the textile sector will help boost production of high value MMF fabrics, garments and technical textiles.

The scheme will generate more than Rs 15,000 crore in five years and create 2.5 lakh jobs in the textile sector. The package is divided into two parts. The first part has a production of Rs 100 crore and the second part has a production of up to Rs 200 crore.

According to Union Minister Piyush Goyal, the scheme will mainly benefit states like Gujarat, Uttar Pradesh, Maharashtra, Punjab, Tamil Nadu, Andhra Pradesh, Telangana and Odisha. Goyal said states like Bihar could also benefit from the scheme. India is also working on a free trade agreement with Western countries like Britain, the European Union and the UAE. Textiles are mostly used for the defense and health sectors.