1、1In the Union Budget 2021-22, the Indian government announced a produc?on-linked incen?ve (PLI) scheme for 13 sectors (including tex?les) at an es?mated outlay of Rs. 1.97 lakh crore (US$ 26.70 billion) to boost domes?c produc?on and employment. As part of this, in September 2021, Prime Minister Mr.
2、 Narendra Modi approved the produc?on-linked incen?ve (PLI) scheme in the tex?les sector-for man-made fibre (MMF) apparel, MMF fabrics and 10 segments/products of technical tex?lesat an es?mated outlay of Rs. 10,683 crore (US$ 1.45 billion). Through this scheme, the government aims to boost the manu
3、facturing of high-value MMF fabrics, garments and technical tex?les and promote investments from global players in the sector. Following this, the government plans to establish the tex?le sector as one of the strongest pillars of Prime Ministers Atmanirbhar Bharat (self-reliant India) ini?a?ve.PRODU
4、CTION LINKED INCENTIVE (PLI) SCHEME IN THE TEXTILE SECTORIN THE TEXTILE SECTORfacilitate a cumula?ve turnover of Rs. 3 lakh crore (US$ 40.66 billion) and create 7.5 lakh addi?onal employment opportuni?es in the country.Over the next five years, the PLI scheme for tex?les is expected to result in an
5、es?mated investment of Rs. 19,000 crore (US$ 2.58 billion), Poten?al investment phaseBy implemen?ng the PLI scheme, the government aims to a?ract investments in the following two phases:PLI SCHEME FOR TEXTILES: IN-DEPTH ANALYSISDetails of the PLI scheme for tex?les are as follows:Higher priority for
6、 investmentMMF segments. The scheme is likely to focus on varied product categories under technical tex?les (10) and man-made fibres (40). The government is likely to offer scheme incen?ves As per industry es?mates, this scheme is expected to be implemented through Focus Product Incen?ve Scheme (FPI