Textiles Ministry Extends PLI Applications Date Till December 31

The Ministry of Textiles has decided to extend the application deadline for new submissions under the Production Linked Incentive (PLI) scheme for textiles. The revised deadline for fresh applications is now set for December 31, 2023. The extension includes categories such as manmade fiber (MMF) apparel, MMF fabrics, and technical textile products.

India has a considerable share of manmade fibre (MMF) products (fibre, yarn, fabrics, made-ups, readymade garments of MMF) in the total Textiles & Apparel (incl. handicrafts) exports.

Union Minister of State for Textiles Darshana Jardosh, in a written reply in Lok Sabha said, “The industry is gearing up to tap the potential of MMF and Technical Textiles segment, which is a sunrise industry segment in the country duly supported by PLI Scheme for Textiles and National Technical Textiles Mission.”

Strategic Focus

Under the PLI Scheme for Textiles focusing on MMF Apparel, MMF Fabrics & Technical Textiles, 64 selected applicants are expected to set up 84 units in 14 states and 1 UT, including ten in Maharashtra and one in Odisha. Applications are currently being received through online portal under PLI Scheme for textiles, the Ministry said in a statement.

As part of its Atmanirbhar Bharat and Make in India initiatives, the government introduced Production Linked Incentive (PLI) schemes across diverse sectors to bolster the global competitiveness of Indian manufacturers, draw in investments, boost exports, integrate the country into the global supply chain, and diminish reliance on imports.

Move Linked To Unused Budget

The Ministry had approved 64 applications under the INR 10,683 crore scheme last year. Under Part-1 of the Production Linked Incentive (PLI) schemes, applicants are required to make a minimum investment of INR 300 crore, with a minimum turnover target of INR 600 crore to qualify for incentives.

For Part-2, the stipulated minimum investment is INR 100 crore, and the minimum turnover required is INR 200 crore. Anticipating a surplus of over INR 4,300 crore, the Textile Ministry has decided to reopen the application window, providing fresh opportunities for interested parties.

Conclusion

With the extension of the deadline for the Production Linked Incentive (PLI) scheme in textiles, the government aims to boost manufacturing units across various states, and enhance the country’s global standing in manmade fiber and technical textiles. The move also holds promise for creating job opportunities, with a significant impact on women's participation in the workforce.