30 Textile Units Begin Production Under India's PLI Scheme
5 hours agoBusiness
51LENS
1 SourcesTelangana, India
TBNthebalanced.news
30 Textile Units Begin Production Under India's PLI Scheme

Thirty textile and apparel units operating under the Production Linked Incentive (PLI) scheme have begun production, according to the Union Ministry of Textiles. The scheme, with an outlay of ₹10,683 crore, aims to boost MMF apparel, fabrics, and technical textiles. Of 74 selected applicants, 40 are investing, 22 have met thresholds, and 30 have started production. The scheme projects ₹2,16,760 crore in turnover and 2.59 lakh jobs. Provisional incentives of ₹54 crore have been disbursed to two applicants.

Political Bias
5%60%35%
Sentiment
70%