Tamil Nadu, one of the leading textile and apparel producing states, is keen to take advantage of the Production Linked Incentive (PLI) scheme and will extend all support to the industry to attract investments.
Vijoy Kumar Singh, Additional Secretary, Ministry of Textiles, said that states like Tamil Nadu will reap immense benefits through the scheme as it is already a leading player in textiles.
As per information, textile industry representatives indicated that Tamil Nadu Government has been pro-active in attracting investments.
The recent announcement on the removal of 1 per cent Agricultural Market Committee cess on cotton and cotton waste has cheered the industry as it has been a long-standing demand of the textile industry.
The State Government and Union Ministry of Textiles organised a PLI Scheme for Textiles – Preliminary Investors’ Meet. The meeting was attended by leading textile players in Tamil Nadu.
KS Sundararaman, Chairman, Indian Technical Textile Association, said that the State Government has assured State level support for projects under PLI on a case-to-case basis. It has also promised a nodal agency for speeding up project clearances in a time-bound manner.
PLI Scheme for Textiles – Preliminary Investors’ Meet jointly organised by GoTN and MoT, GoI at Chennai today. Chairman of ITTA and Vice-Chairman of SIMA, Dr.S.K.Sundararaman made a PPT on PLI. The meeting was attended by leading textile players in TN @TexMinIndia @CMOTamilnadu pic.twitter.com/6vSxHrtZrv
— SIMA (@sima_cbe) September 14, 2021
Prabhu Dhamodharan, Convenor, Indian Texpreneurs Federation (ITF), Coimbatore said that in MMF sector, there are a few big companies in Tamil Nadu who have built domestic as well as export businesses. These companies could aim for Rs. 100 crore project under the PLI scheme.
He also added that spinning players could graduate to fabric (processed) business level if not apparel level. Standalone spinners should explore investments under this programme as this will be a natural progress for them – basic products to finished products.
The success of the ambitious scheme lies in the collective efforts of the Centre, State Governments and industry.