The MoS said that the PLI plan is meant to encourage the manufacture of MMF fabrics, MMF apparel, and technical textile goods in order to reach size and scale and become competitive.
Manufacturing News
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This growth stems from key Government schemes like Silk Samagra-2, NERTPS, and R&D efforts. Over Rs. 1,075 crore (US $ 126 million) has been disbursed, benefiting 78,000 stakeholders and boosting India's Aatmanirbhar Bharat vision in sericulture.
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The business is spending US $ 350 million (Rs. 3,000 crore) on its factories in Warangal and Sitarampur, which are close to Hyderabad, in order to produce 22 lakh garments every day.
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Manufacturing
Chhattisgarh attracts investment ideas worth US $ 431 million including from textile sector
Chief Minister Vishnu Deo Sai underlined the advantages under the state's new industrial policy and the digital measures that promote ease of doing business.
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Strategic market expansion, revenue growth, supply chain optimisation, and the smooth integration of cutting-edge technologies to improve operational efficiency will be among his main priorities.
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At the PM MITRA Park Investors' Meet in Lucknow, CM Yogi Adityanath announced US $ 25.41 million (Rs. 218 crore) in incentives for 80 investors. With US $ 443 million (Rs. 3800 crore) in total investment proposals, the park aims to create over 50,000 jobs.
