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India's exports of man-made fibre (MMF) textiles is anticipated to climb 75% to US$ 11.4 billion in 2030, from roughly US$ 6.5 billion in 2021-22, due to the Production Linked Incentive (PLI) scheme and free trade agreements with the UAE and Australia.
Dublin, Nov. 08, 2023 (GLOBE NEWSWIRE) -- The
Textiles PLI: The government has decided to extend the deadline for submitting fresh applications for the performance-linked incentive (PLI) scheme in the textile industry, specifically for man-made fiber apparel, fabrics, and technical textile products. Initially, the scheme was open until August 31, but in response to requests from industry stakeholders, the Ministry of Textiles has granted an extension until December 31.
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The government has decided to extend the deadline for submitting fresh applications for the performance-linked incentive (PLI) scheme in the textile industry, specifically for man-made fiber apparel, fabrics, and technical textile products. Initially, the scheme was open until August 31, but in response to requests from industry stakeholders, the Ministry of Textiles has granted an extension until December 31.