About 12 textile companies are set to receive the first set of incentive payment under the production-linked incentive (PLI) scheme.
“Around 40 companies have grounded investment. We had a gestation period till March 2024. We hope this financial year 10-12 companies will be getting incentive payout (under PLI),” a senior government official said on Friday.
The scheme was launched in 2021 to boost the domestic manufacturing of man-made fabric (MMF), garments and technical textiles, with a budgetary outlay of ₹10,683 crore. The scheme, however, received a lukewarm response from private players.
The development is significant, considering that earlier this year a Cabinet secretary-led committee had also flagged the “shortfall” in progress in investment during 2023-24 in three, including textiles, of the 14 PLI sectors.
هذه القصة مأخوذة من طبعة September 28, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة September 28, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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