Explained | Will the new Production-Linked Incentive scheme help textile industry?

News 13.09.2021

The scheme is aimed at promoting industries that invest in the production of 64 select products. The product lines include 40 in man-made fibre apparel, 14 in man-made fibre fabrics, and 10 technical textile segments/products. The investment period is two years, and the incentive will be paid for five years after the first year of post-investment operation. The scheme is for two types of investments. The first entails a minimum of ₹300 crore in plant, machinery, equipment and civil works in a unit that must register a minimum turnover of ₹600 crore once it commences operation. The second is for a minimum of ₹100 crore, where the business achieves a minimum turnover of ₹200 crore. (Read More)

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