Textile PLI 2.0 likely to be finalised early next year – ET Retail

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The government is likely to finalise the second edition of the production-linked incentive scheme (PLI) for garments, madeups and home textiles early next year, with a focus on promoting small and medium entities, officials said Wednesday.

Discussions are ongoing for PLI 2.0 with investment thresholds between ₹15 crore and ₹45 crore, they said. These are lower than in previous round for technical textiles and manmade fibre, when minimum investment required was ₹100 crore and ₹300 crore.

“We encouraged capital and machinery in the first edition of PLI but this time, we are looking at small and medium entities,” said an official. Under the first scheme, 32 companies have begun investments of ₹1,500-1,700 crore, the officials said.

The textiles ministry had approved 64 applications under the ₹19,798 crore scheme.

PLI 2.0 for the textile sector is being considered as the ministry has an unutilised budget of ₹ 4,000 crore.

Bedspreads and textile accessories like lace, buttons and zippers could get covered under this.

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