Union Cabinet may soon take up scheme for textile sector's revival

The Ministry of Textiles has cleared a proposal for a Production Linked Incentive or PLI scheme. Top sources in the ministry said that a note on this proposal was cleared today and it may be taken up for the Union Cabinet's nod soon.

With a view to stitching a speedy growth trajectory for the textile sector, the Ministry of Textiles has cleared a proposal for a Production Linked Incentive or PLI scheme. Top sources in the ministry said that a note on this proposal was cleared today and it may be taken up for the Union Cabinet's nod soon. The scheme involves a Rs 10,680-crore corpus to be provided by the government to revive the textile and apparel sector that is not just ailing but facing stiff global competition from manufacturers in Bangladesh and Vietnam