The Union Government’s Production Linked Incentive scheme for the textile sector is expected to provide over 7.5 lakh people with employment, according to the Ministry of Textiles.
“As a government we are looking at the creation of employment, opportunities for people, our citizens,” the Ministry of Textiles’ additional secretary Vijoy Kumar Singh told reporters, the Press Trust of India reported. “So, the creation of employment opportunities is liked by both the central and state governments. So jointly, we will work towards the success of this scheme. That is our objective.”
Another of the aims of the PLI scheme is to enable India’s textile industry to increase exports and regain a dominant position in the global textile trade. In order to achieve this, the initiative will provide incentives worth Rs 10,683 crore ($1.6 billion) to the domestic textile industry over a five-year period, according to Singh.
“The idea is to support the industry in the initial period and once they become of some size and scale themselves, they will be competitive on their own strength,” said Singh. Areas which the scheme will focus on and which will see the greatest number of employment opportunities due to their importance in the country’s textile industry include Gujarat, Uttar Pradesh, Maharashtra, Tamil Nadu, Punjab, Andhra Pradesh, and Telangana.
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