Govt approves ₹10,000 cr scheme for textile sector

Govt on Wednesday, September 8, approved Rs 10,683 crore to Production Linked Incentive (PLI) scheme for the textile sector aiming to boost domestic manufacturing and exports.

Must Read
X-Gamer
X-Gamerhttps://dorcomdelections.org
X-Gamer: Welcome to DorcomDelections! Here are our Authors. We are trying out best to provide daily updates regarding all the things that users want. We also managed many other different Websites like - factskamaza.online and many more.

Govt on Wednesday, September 8, approved Rs 10,683 crore to Production Linked Incentive (PLI) scheme for the textile sector aiming to boost domestic manufacturing and exports.

The decision was taken at a cabinet meeting chaired by Prime Minister Narendra Modi. According to the government, the textile sector will be given incentives for a period of five years.

The PLI scheme approved for the MMF (man-made fiber) sector apparel, MMF fabric, and 10 segment products or technical textiles with a budget expense of Rs 10,683 crore.

Read | China says: Private teachers will not be able to offer online classes.

The Production Linked Incentive Scheme for Textiles, with a cost of Rs 1.97 lakh crore, is part of the overall announcement of the scheme for 13 sectors earlier done during Budget 2021-22.

With PLI schemes for these 13 sectors, the minimum production in the country is expected to be around Rs 37.5 lakh crore over a period of five years, and the minimum expected employment in five years is around Rs 1 crore.

Follow us on Google News.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

KGF Star: Yash entered the airport with swag, Rocky Bhai video created a boom

Southern superstar Yash made a big splash in the world with the film "KGF." Now viewers are eagerly awaiting...

More Articles Like This