pli: PLI scheme for textiles aimed at creating huge employment opportunities, says official
“As a government we are looking at the creation of employment, opportunities for people, our citizens. 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,” he told reporters.
Recently, the Centre approved the Production Linked Incentive Scheme for textiles that aims at making the country regain its dominance in the global textile trade.
The scheme was expected to have a positive impact on states like Gujarat, Uttar Pradesh, Maharashtra, Tamil Nadu, Punjab, Andhra Pradesh and Telangana, a PIB release said.
According to Singh, the scheme would help create additional employment of over 7.50 lakh people directly. The government would provide incentives worth Rs 10,683 crore to the industry over a period of five years, he added.
Stating that the government would extend support and enable a company to run business on its own, he said, “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 (enough) on their own strength.”
The minimum production in the country is expected to be around Rs 37.50 lakh crore and minimum employment generation to be one crore over a five-year period, the release said.