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NITMA hails government decision to announce PLI scheme for textiles

  

Sanjay Garg, President, NITMA says, the government’s decision to announce Production Linked Incentive (PLI) scheme for textiles will help India realize the vision of ‘AatmaNirbhar Bharat’. Garg added, along with RoSCTL, RoDTEP and other measures like providing raw material at competitive prices, skill development etc, the PLI scheme will herald a new age in Indian textiles manufacturing.

Garg also appreciated the government for allocating Rs 10,683 crore over five years to boost domestic manufacturing of MMF, garments and technical textiles. This will help the industry regain lost foothold in the global market at this important juncture, he added. He hoped, the PLI scheme will provide more employment to women and increase their participation in formal economy. It will benefit states like Gujarat, Uttar Pradesh, Maharashtra, Tamil Nadu, Punjab, Telangana, and Odisha, etc.

The scheme will attract investments from both domestic and international companies He hoped, PLI will result in fresh investment of above Rs 19,000 crore and additional production turnover of over Rs 3 lakh crore in five years as envisaged by the government.

 
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