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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.
Ficci: The survey observed that after experiencing revival of the Indian economy in FY22, the momentum of growth has continued for the subsequent quarters as well. In the Q4 Jan-March FY23, 55% of the respondents reported higher production levels.
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