Taking steps forward towards the vision of an ‘Aatmanirbhar Bharat’, the government has approved the PLI Scheme for textiles for man-made fibre (MMF) apparel, MMF fabrics and 10 segments/ products of technical textiles with a budgetary outlay of Rs 10,683 crore.
PLI scheme for textiles is part of the overall announcement of PLI schemes for 13 sectors made earlier during the Union Budget 2021-22, with an outlay of Rs 1.97 lakh crore. With this announcement, minimum production in India is expected to be around Rs 37.5 lakh crore over five years and minimum expected employment over 5 years is nearly 1 crore.
PLI scheme for textiles will promote the production of high-value MMF fabric, garments and technical textiles in the country.
There are two types of investment possible with a different set of incentive structures. In type one, any person, (which includes firm/company) willing to invest a minimum of Rs 300 crore in plant, machinery, equipment, and civil works (excluding land and administrative building cost) to produce the notified products will be able to participate in the scheme. In the second type, anyone willing to invest a minimum of Rs 100 crore will be eligible to participate.
Further, priority will be given to the investment in aspirational districts, tier-three, tier-four towns and rural areas. The scheme will benefit States such as Gujarat, UP, Maharashtra, Tamil Nadu, Punjab, Andhra Pradesh, Telangana, and Odisha.
The scheme is expected to attract fresh investment of more than Rs 19,000 crore and a cumulative turnover of over Rs 3 lakh crore will be achieved under this scheme. It will create additional 7.5 lakh jobs in the sector, the release said. The government has already launched a National Technical Textiles Mission to promote research and development in that sector.