By
Fibre2Fashion
Published
Jul 19, 2023
Following the failure of the Production Linked Incentive (PLI) scheme for textiles, specifically for man-made fibre (MMF) apparel, MMF fabrics, and technical textiles products to attract investment, the Indian government has reopened the scheme, inviting fresh applications.
Earlier, the government approved 64 out of 67 applications for investment under the Rs 100 crore and Rs 300 crore categories. However, no plant has been set up even after two years. Many applications were withdrawn by the eligible companies.
The ministry of textiles has decided to reopen the PLI Portal until August 31, 2023, to invite applications from interested companies under the PLI scheme for MMF apparel, MMF fabrics, and products of technical textiles.
A government press release stated that this decision was made in response to requests received from industry stakeholders.
All the terms and conditions previously announced via notifications and guidelines will remain applicable. Industry organisations had suggested relaxing the stringent conditions under the PLI scheme. However, the government declined to provide any relaxation during the review meeting held in the last week of June.
The government has not indicated whether it has relaxed conditions for investment under the scheme. A Gazette Notification for the scheme was previously issued on September 24, 2021. Two additional amendment notifications have been issued this year.
