India’s leading apparel exporters Shahi Exports, Orient Craft and leading textile company Pallavaa Group plan to apply for the Production Linked incentive (PLI) scheme.
These exporters believe that the scheme will benefit 1,350 textile companies in India having annual exports of over Rs. 100 crore.
Vijoy Kumar Singh, Additional Secretary, Ministry of Textiles, says, the ministry has decided to disallow non-GST and non-banking channel sales in calculating the annual turnover. So, no one can claim cash sales arguing that sales happened through a shop without generating bill.
The Ministry of Textiles (MoT) is expected to issue detailed guidelines of the scheme following which applications from the industry will be invited. This is expected to start from November 2021.
