Centre to soon come up with one more PLI scheme for textile sector

Jun 26, 2022

Coimbatore (TN), June 26 (ANI): Union Minister Piyush Goyal on June 25 said that the government is mulling over coming up with one more Production Linked Incentive (PLI) scheme for the textile sector soon. “The textiles sector also has PLI scheme in which a large amount of investment is coming up all across the country including in Tamil Nadu. We are coming up with one more PLI scheme in Textiles Sector," he said. “Our textile sector will grow to become a $250 billion industry in the next five years. 40 pc of that will be exported. Government supported the textiles industry throughout the COVID-19 with 20 pc additional collateral-free loan and up to 5 pc interest subvention,” he added.