Coimbatore: The Indian Texpreneurs Federation (ITF) has welcomed the Union Cabinet's move to approve the Production Linked Incentive (PLI) Scheme for Textiles wherein incentives worth Rs.10,683 crore will be provided over five years.
Coimbatore: The Indian Texpreneurs Federation (ITF) has welcomed the Union Cabinet's move to approve the Production Linked Incentive (PLI) Scheme for Textiles wherein incentives worth Rs.10,683 crore will be provided over five years.
ITF, Convenor, Prabhu Dhamodaran said in a press release, "PLI scheme for Textile Sector will help the industry to build scale, competitiveness and specialisation. India needs to build a strong fabric manufacturing eco system to grow our apparel exports.
Apart from apparel, MMF (Man Made Fibre) fabrics are also added as part of the PLI scheme and this move will help the industry to invest and build large scale capacities. We, from ITF, started working with potential members to study and explore the scheme," he added.
ITF, Convenor, Prabhu Dhamodaran said in a press release, "PLI scheme for Textile Sector will help the industry to build scale, competitiveness and specialisation. India needs to build a strong fabric manufacturing eco system to grow our apparel exports.
Apart from apparel, MMF (Man Made Fibre) fabrics are also added as part of the PLI scheme and this move will help the industry to invest and build large scale capacities. We, from ITF, started working with potential members to study and explore the scheme," he added.