Textile Industry has welcomed the approval of PLI scheme for the textile industry and is now working more seriously on it.
Dr. A. Sakthivel, Chairman, Apparel Export Promotion Council (AEPC), has said that it will be a game changer for the Indian textile industry and will transform India’s growth story.
He said that the scheme will result in fresh investment of gigantic proportions, expand manufacturing capacities and enhance exports by multi-folds.
He added that it will make India a key player in the global textile value chain with focus on high-value MMF products. Besides, it will promote industrial development in backward regions of the country.
Raja M. Shanmugham, President, Tirupur Exporters’ Association (TEA) said “I am confident that the PLI scheme for textiles will promote the production of high-value MMF fabric, garments and technical textiles in the country; it’s a need of the hour for product diversification, to fulfil the global requirements and to enhance our market share.”
While pointing out the investment criteria to participate in the scheme, he said the big corporates could make investments in the scheme, enhance exports and employment.
Prabhu Dhamodharan, Convenor, ITF said that the PLI scheme for the textile sector will help the industry build scale, competitiveness and specialisation.
“India needs to build a strong fabric manufacturing ecosystem to grow its apparel exports. Apart from apparel, MMF fabrics is also added as part of the PLI scheme and this move will help the industry to invest and build large scale capacities,” he said and added that we have started working with potential members to study and explore the scheme.
Industry believes that the PLI scheme is expected to enable the setting up of a widespread supplier base for the global champions established under the scheme.
Dr. S.K.Sundararaman, Chairman, Indian Technical Textile Association (ITTA) and also Vice-Chairman of SIMA said “PLI is the landmark scheme for the MMF and technical textiles that would give new lease of life for these segments.
T. Rajkumar, Chairman, CITI said, the scheme with an outlay of Rs.10,683 crore will provide a major thrust to the MMF Fabrics, garments and technical textiles which are being seen as the growth engine of the next decade and will help the textiles and clothing industry to achieve its short-term as well as long-term goals set by the Government.
“The PLI scheme will enhance production numbers and benefit the textile industry in whole, leading to a meaningful increase in India’s share in the global export market. This is a right time for the Government to implement this scheme as manufacturers are also looking at expanding their supply chain. Recognising the potential of this sector, the Government has already outlined a strategy by approving the scheme in line with “Atmanirbhar Bharat”, and we hope that efforts to improve the competitiveness of the industry will continue to be on the priority list,” said Rohit Aggarwal, President, Textile Effects, Huntsman Corporation.
“It was much needed at this time when India’s share of global production and export is lagging behind smaller nations like Bangladesh and Thailand. The Government should also keep some funds reserved from the incentive scheme to disseminate decentralised renewable-energy powered units in rural and marginalised areas,” says Abhishek Pathak, CEO & Founder, Greenwear Fashion. He further added that it will be great if such schemes also cover natural fibres, decentralised production & renewable energy-powered machines while supporting social enterprises working in this domain.