The Government will review its production-linked incentive (PLI) scheme at the end of this month to improve utilisation in sectors that are lagging behind. A report of Reuters says that the review will focus on six sectors, including textiles, where the scheme has not been effective.
Last year in April, the Government had approved 61 applications with an investment potential of Rs. 19,077 crore under the scheme for textiles.
As per the information available, investment of more than Rs. 1536 crore approximately has been made so far under PLI Scheme.
The PLI scheme, which is Prime Minister Narendra Modi’s main industrial policy to boost manufacturing, has so far announced incentives for 14 sectors.
The news has come at the time when Indian textile and apparel industry is eagerly waiting for PLI 2 scheme, especially the small and medium level companies those could not take advantage of PLI scheme.
Also Read: Textile Industry likely to get second tranche of PLI worth Rs. 4,307 crore
