The Ministry of Textiles (MoT) has extended the timeline for submission of applications under the PLI (Production Linked Incentive) Scheme for Textiles till 14 Feb2022.
Earlier, the date of submission of online application under PLI Scheme for Textiles was up to 31 January 2022.
With an approved outlay of Rs. 10,683 crore for five years to promote production of MMF apparel, MMF fabrics and products of technical textiles, PLI scheme is expected to attract good investment.
Under the PLI scheme, factories based around aspirational districts or Tier-3 and Tier-4 cities will be given priority, which will especially benefit states like Gujarat, Uttar Pradesh, Maharashtra, Tamil Nadu, Punjab, Andhra Pradesh and Telangana.
In a separate development, The Confederation of Indian Industry (CII) has said that the Budget should bring more PLI rates to boost job creation in manufacturing.
“With the imperative to support jobs and create new employment as the country recovers from the pandemic, CII suggests that the Budget adds a job-creation component to the incentive.
It said that the incentives could be based on the proposed number of jobs being created in the project, giving higher weightage to job creation in the PLI schemes, said CII.
