5 months ago
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As galore arsenic 30 textile and apparel units acceptable up nether the Production Linked Incentive (PLI) strategy person commenced production.
According the Union Ministry of Textiles, of the 74 applications selected for the strategy that was notified connected September 24, 2021, 40 person started investing, 22 person achieved the prescribed threshold level and 30 units person started production.
The scheme, which has an outlay of ₹10,683 crore, aims to beforehand accumulation of MMF apparel and fabrics and method textile products. The full projected concern by the 74 units is ₹ 28,711 crore and the projected turnover is ₹ 2,16,760 crore, generating jobs for 2.59 lakh people. The Ministry has disbursed provisional inducement of ₹54 crore to 2 applicants who person achieved the threshold concern and gross successful 2024-2025. Of the full selected applications, much than 50 % are successful the method textile sector, the Ministry said.
The Ministry said successful a property merchandise that nether the PM MITRA parkland scheme, elaborate task reports worthy ₹7,024 crore has been approved for parks successful Madhya Pradesh, Tamil Nadu, and Telangana and the onshore allotment argumentation for the parks successful Madhya Pradesh and Tamil Nadu has been approved. The Ministry has allocated ₹160 crore for the parks to travel up successful Madhya Pradesh, Tamil Nadu, Maharashtra and Telangana.
