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Govt issues guidelines for textiles PLI scheme worth Rs 10,683 crore

Companies have to inform the ministry of textiles about their annual investment plan.

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Shreya Nandi New Delhi
The Centre on Tuesday released the operational guidelines for the production-linked incentive (PLI) scheme for textiles. Under this, companies can begin the registration process from January 1-31, 2022, on the government’s online portal.

In case of insufficient number of eligible applications, the application window for selecting new applicants will be reopened.

In their application, companies will have to inform the ministry of textiles regarding their annual investment plan, expected sales, turnover, expected employment generation as well as exports during the tenure of the scheme, according to the guidelines.

Incentives worth Rs 10,683 crore will be provided over five years for manufacturing man-made fabrics,