The PLI 2.0 scheme for apparel and home textiles is open for all products including cotton. This will create opportunities for companies to choose their preferred products.

The scheme brings around Rs 4,300 crores of incentives to the eco system and may generate Rs 1 lakh crore worth new manufacturing. All kinds of textile manufacturing companies can apply.Companies working with the PLI scheme can get good mileage with domestic and international buyers due to their visibility. Notably those companies that take up projects with the PLI scheme can also avail of state government incentives.The incremental sales condition for five years can help small and medium enterprises build the much needed scale and competitiveness.

There are three different schemes for companies with investments of Rs 15 crores, Rs 30 crores and Rs 45 crores. If 20 plus companies are executing projects together as a group, companies can get benefits in terms of project costs due to joint purchases.The aim is to enable the textile and apparel sector to use this opportunity and invest in PLI 2.0 to build scale and competitiveness.

In the meantime some changes have been suggested to the scheme. These relate to the number of machines, differentiation between apparel and home textile, the incentive percentage, the inclusion of tech intervention etc.