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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