Investment worth Rs. 1,536 cr has been made so far under the Production Linked Incentive (PLI) Scheme for man-made fibre apparel, fabrics and products of technical textiles, the government said on Monday.
A total of 67 applications were received, of which 64 were selected and 56 applicants have completed the mandatory criteria for formation of a new company and approval letters have been issued to them. The government had launched the Rs. 10,683 cr PLI scheme to promote production of MMF apparel, MMF fabrics and products of technical textiles in the country to enable the textiles industry to achieve size and scale and become competitive.
In its year-end review for 2022, the textiles ministry said a quality control order for viscose staple fibre is under issuance.
“A total of Rs. 621.41 cr subsidy was released in 3,159 cases under Amended Technology Upgradation Fund Scheme and special campaigns organised at major clusters for settling backlog cases,” the ministry said, adding that an investment of Rs.10,218 crore was confirmed by the industry in 2,443 subsidy cases.
It also said that 74 research proposals valued at Rs. 232 cr have been approved under National Technical Textile Mission for speciality fibre and technical textile.
Investment worth Rs. 1,536 cr has been made so far under the Production Linked Incentive (PLI) Scheme for man-made fibre apparel, fabrics and products of technical textiles, the government said on Monday.
