Commerce and industry minister Piyush Goyal on Saturday said the government is planning to roll out the production-linked incentive (PLI) scheme for the apparel sector to boost domestic manufacturing and exports.
He said discussions are underway between the textiles ministry, the department for promotion of industry and internal trade (DPIIT) and Niti Aayog. “We are keen to support the apparel manufacturing sector and we are considering coming out with another PLI scheme.
In consultation with industry participants, we will be shortly devising a scheme, which we will put up before the cabinet for their approval,” Goyal told reporters here.
The government has announced the PLI scheme with an outlay of Rs 1.97 lakh crore for over a dozen sectors, including man-made fibre, technical textiles, white goods, medical devices, and automobiles and auto components.
He also said that textiles exports are increasing at a healthy rate and that exports may reach $100 billion (Rs 8 lakh crore) in the next five years from about $44 billion at present.
The textiles industry, he said, is also looking at doubling the domestic production to Rs 20 lakh crore in the next five years. “This will help in creating job opportunities, attract investments, promote startups and MSMEs,” the minister added.
