The government plans to launch the second edition of the PLI (Production Incentives Linked) scheme for the textile industry, mainly in the garment and apparel segment. PLI 2.0 will promote khadi along with man-made fibers and technical textiles with a budgetary allocation of Rs 4,000 crore. The Ministry of Textiles aims to complete approval and cabinet process for the scheme by August-September, and implement the scheme by October.

Designed to make India a garment hub, the new PLI scheme urges 64 garment companies to complete investment process under the old scheme in the next two years Sandeep Jain, Director, TradeSwift says, the government gives special importance to this sector, as textile has been the biggest employer in India.