Textile Products: MMF and Technical Textiles
PLI scheme for textiles is intended to promote production of MMF apparel, fabrics and technical textiles products in the country
Eligibility
Any person, which includes firm/company willing to invest a minimum ₹300 crore in plant, machinery, equipment and civil works (excluding land and administrative building cost) to produce products of notified lines, shall be eligible to apply for participation in this part of the scheme.
Any person, which includes firm/company willing to invest a minimum ₹100 crore in plant, machinery, equipment and civil works (excluding land and administrative building cost) to produce products of notified lines, shall be eligible to apply for participation in this part of the scheme.
Features
Ministry of Textiles
Budgetary outlay of Rs.10,683 crore
*Both the conditions of minimum investment and minimum turnover should be met for availing incentives
The scheme shall be valid up to 2029-30. The gestation period for both parts of the scheme will be of two (2) years i.e. FY: 2022-23 to FY: 2023-24
Common Conditions for both parts of Scheme
- There will be a provision of cap of 10% over the prescribed minimum incremental turnover growth of 25% for the purpose of calculation of incentives from Year 2 onward
- Only manufacturing company registered in India will be eligible to participate under the scheme
- Turnover achieved from trading and outsourced job work will not be accounted
PLI scheme for Textiles: Incentive computation
* 1st year on min turnover; other years on incremental turnover if it crosses the minimum turnover threshold; upper cap for every year will be intimated
# Investment in plant, machinery, equipment and civil works will be eligible excluding land and administrative building cost
Note: Investment in aspirational districts, tier 2 / 3 cities will be given priority
Eligible products – MMF based fabrics, MMF based apparel, Technical Textiles (HS Code 8 digits level eligibility criteria)
Note: INR to USD as per exchange rate of 12th September 2021 at 11:00 AM (IST)
Sources:
1. https://egazette.nic.in/WriteReadData/2021/229974.pdf , http://texmin.nic.in/, Ministry of Textiles
