The cabinet aims to soon extend the benefits of production-linked incentive (PLI) schemes in the textiles sector. The government’s plans include lowering the investment threshold for the textile PLI for man-made fabric (MMF) garments and technical textiles, and expandingthe range of MMF products covered. Additionally, the government also plans to include apparel in the scheme. The schemeis yet to gain momentum, as per a government official.
Separately, the commerce and industry ministry proposes to invest Rs2,600 crore in the leather and footwear sectors.
Currently, the PLI program spans 14 sectors, including mobile manufacturing and specified electronic components, medical devices, automobiles and auto components, pharmaceuticals, specialty steel, telecom and networking products, and white goods. The total budgetary allocation for various PLI schemes has been increased by 88 per cent to Rs 16,092 crore for FY25. All these 14 PLI schemes were approved with an outlay of Rs1.97 lakh crore, and by the end of May, the cumulative disbursement to beneficiaries had reached around Rs9,700 crore.
