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The textiles ministry on Tuesday said that it has reopened the performance-linked incentive (PLI) scheme portal till August 31 and has invited applications from companies interested in investing in man-made fibres (MMF) apparel, MMF fabrics, and technical textile sectors.
In a statement, it said that the decision was taken “in view of the requests from the industry stakeholders”.
“All the terms and conditions notified earlier vide notifications and guidelines shall be applicable,” it said.
The textiles ministry had approved 64 applications under the Rs 19,798 crore scheme last year. In part-1 of the PLI schemes, the minimum investment required is Rs 300 crore and the minimum turnover required to be achieved for incentive is Rs 600 crore while in part-2, the minimum investment should be Rs 100 crore and the minimum turnover is Rs 200 crore.
PLI 2.0 for the textile sector is being considered as the ministry has an unutilised budget of about Rs 4,000 crore and bed spreads, and textile accessories like lace, button, and zippers could get covered.
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