In a press release issued today, Shri. Raja M Shanmugham, President welcomed the Production Linked Incentive (PLI) Scheme approved by the cabinet chaired by Hon’ble Prime Minister for Textiles for MMF Apparel, MMF Fabrics and 10 segments/ products of Technical Textiles with a budgetary outlay of Rs. 10,683 cr.
Shri. Raja M Shanmugham is confident that PLI Scheme for Textiles will promote production of high value MMF Fabric, Garments and Technical Textiles in country, a need of the hour for Product Diversification, to fulfill the global requirements and help to enhance our market share.
While pointing out the Investment criteria to participate in the Scheme, Shri. Raja M Shanmugham said the big corporates could make investments in the scheme, enhance exports and employment.