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Budget 2021: Textile Industry Gets Great Push
Published by GulteDesk
February 01, 2021
Finance Minister Nirmala Sitharaman has presented the budget 2021-22 in the parliament. It is already known that the Government of India is extensively promoting the Aatmanirbhar Bharat initiative for the last few months. To support this initiative, they have now allocated a significant budget for the development of the textile industry.
Sitharaman said that seven textile parks to be set up in the country in the next three years. Mega investment textile parks will be launched in the next few years. Production Linked Incentive Schemes (PLI) was announced for 13 sectors which are worth Rs. 1.97 lakh crores. This budget will be spent for the next five years. This will help India in becoming champions in global exports. ....

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