The government will expand the coverage of the Rs 10,683-crore production-linked incentive (PLI) scheme for textiles covering man-made fibre (MMF) apparel, fabrics, and technical textiles, Union minister Giriraj Singh said on Tuesday.
The addition of products to the list of eligible items for receiving the government's financial support will support industry, enhance ease of doing business, encourage fresh investments in the sector and accelerate growth in the textiles sector. It underscores the Narendra Modi-led government's focus on fostering employment and driving India's leadership in the global textile market.
Singh told PTI that the government will "certainly expand" the coverage under PLI textiles for product categories.
The minister was speaking after an interaction with representatives from Indian Footwear Industries here.
He observed that times have changed as earlier there was no emphasis on technical textiles but now under Prime Minister Narendra Modi-led government a PLI Scheme covering technical textiles.
"They (footwear industry) have problems related to raw material availability and quality. I have heard them," Singh said.
"The per person footwear consumption of USA is 7 pairs, China's is 3.3 pairs, and India's per person consumption has also reached close to 3 pairs. The consumption rises with increase in purchasing capacity, which has risen in India especially during the last 12 years (in the Narendra Modi-led government)," added the minister.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
