News Brief
Nirmala Sitharaman Announces Seven Plug And Play Mega Investment Textile Parks In Addition To PLI Scheme For Textile Sector
- Sitharaman announced that seven mega textile parks will be set up in addition to the PLI scheme.
Swarajya StaffFeb 01, 2021, 12:42 PM | Updated 12:42 PM IST
Finance Minister Nirmala Sitharaman.
Union Finance Minister Nirmala Sitharaman today (1 February) announced the much-awaited product-linked incentive (PLI) scheme for the textiles industry.
The PLI scheme could categorise the textile units into three — those below a turnover of Rs 100 crore, those between Rs 100 crore and Rs 400 crore, those above Rs 400 crore.
More details are awaited as the Budget announcements unfold.
Sitharaman also announced that seven mega textile parks will be set up in addition to the PLI scheme.
The mega textile parks are expected to generate additional jobs.
