Draft:Production Linked Incentive PLI

India's Production-Linked Incentive (PLI) Scheme Expected to Boost Textile Industry, says Beroe Inc

Retrieved on: 
Wednesday, July 28, 2021

To mitigate its long-term impact and support their resurgence, the Indian government has taken several steps, including introducing the Production Linked Incentive (PLI) scheme for various sectors, including the textile sector.

Key Points: 
  • To mitigate its long-term impact and support their resurgence, the Indian government has taken several steps, including introducing the Production Linked Incentive (PLI) scheme for various sectors, including the textile sector.
  • The scheme is expected to drive the production of textiles in India and find its way to the export markets.
  • "This scheme coupled with new agricultural laws could push up the prices of raw materials in the upcoming years."
  • Depending on the size of investments and turnover, it could vary between 10 and 11 percent after meeting certain conditions.

India's Production-Linked Incentive (PLI) Scheme Expected to Boost Textile Industry, says Beroe Inc

Retrieved on: 
Wednesday, July 28, 2021

RALEIGH, N.C., July 28, 2021 /PRNewswire/ -- COVID-19 has made deep wounds across different industries. To mitigate its long-term impact and support their resurgence, the Indian government has taken several steps, including introducing the Production Linked Incentive (PLI) scheme for various sectors, including the textile sector. The scheme is expected to drive the production of textiles in India and find its way to the export markets. There will be incentives for manufacturing and exporting specific textile products made of man-made fiber.

Key Points: 
  • To mitigate its long-term impact and support their resurgence, the Indian government has taken several steps, including introducing the Production Linked Incentive (PLI) scheme for various sectors, including the textile sector.
  • The scheme is expected to drive the production of textiles in India and find its way to the export markets.
  • "This scheme coupled with new agricultural laws could push up the prices of raw materials in the upcoming years."
  • The PLI scheme outlay is expected to be Rs.