Piyush Goyal, Union Textile Minister, has signed the proposal finalizing Production Linked Incentive (PLI) scheme for Indian textile sector. The scheme would soon be sent to the Union Cabinet for approval. Expected to provide incentives of around Rs 7,000 crore for man-made fibre (MMF) apparel, and around Rs 4,000 crore for technical textiles, the scheme aims to revive labor-intensive Indian textile sector.

In Budget 2021-22, the government has announced an outlay of Rs 1.97 lakh crore for PLI scheme for 13 sectors. The scheme aims to boost Indian textile manufacturing and increase exports. It is expected to cover around 40 MMF apparel product categories and around 10 in the technical textile category. An incentive of 3 to 11 per cent of the incremental revenues' year-on-year for five years may be provided to existing as well as proposed investments in the sector.