Union Minister of Commerce and Industry and Textiles, Piyush Goyal has asked the textile industry to strive to move up the value chain and focus on products of high value.
Interacting with the beneficiaries of the Production Linked Incentive Scheme (PLI) for textiles at a review meeting in New Delhi, the Minister asked the beneficiaries to focus on improving the quality of textile products made in India to make them world-class.
The review meeting under the Chairmanship of Minister was attended by representatives of 49 companies and key dignitaries of Ministry of Textiles.
The meeting was held to understand the implementation status of the projects under the Scheme and for resolving their issues. Several procedural issues were clarified for the sake of easy understanding. NICDC shared the ready availability of land with plug and play facility at Dholera, Aurangabad, Greater Noida and Indore.
Minister also directed the Ministry team to actively engage with the participants and resolve state and administrative issues they faced. He urged textile industry players to work with a sense of duty, a kartavya bhavana, aim higher and dream bigger to take Indian textile industry to greater heights.
The Minister asked that textile sector workers to be paid fairly, given social security and brought to the formal sector.
He also said that the centre was looking at PLI 2.0 and instructed officials of the Ministry to undertake extensive and exhaustive stakeholder consultations before finalising the contours of PLI 2.0.
He asked them to make PLI 2.0 robust and emphasised that PLI 2.0 would empower the sector to compete globally with top exporting countries like China, Vietnam.
Under the PLI Textile Part 1, 67 applicants had applied out of which 64 were selected and out of these 64 companies, 55 companies have formed participant companies.
The proposed investment during the entire tenure of the scheme is Rs. 19,789 crore out of which Rs. 1,536 crore has been invested so far.
