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