The government on Thursday said the last date for inviting applications under the Rs 10,683 crore-Production Linked Incentive scheme for textiles is being further extended by two months to October 31.
Earlier, the Textiles ministry had re-opened the PLI (Production Linked Incentive) portal till August 31 to invite fresh applications from interested companies under the scheme.
"The Ministry of Textiles has decided to extend the date of inviting fresh applications under the PLI scheme of Textiles for MMF Apparel, MMF Fabrics and products of Technical Textiles for further 2 months i.e. upto 31 October 2023," a statement said.
The decision was taken in view of the requests from the industry stakeholders, it added.
The Centre launched the PLI Scheme with an approved outlay of Rs 10,683 crore to promote the production of man-made fibre (MMF) apparel, MMF fabrics and products of technical textiles in the country to enable the textiles industry to achieve size and scale and to become competitive.
Also Read
Centre unlikely to launch PLI schemes for new sectors this year: Report
Samsung to get Rs 600 crore under PLI scheme for smartphones: Report
Apple unlikely to apply for subsidies under PLI 2.0 scheme: Report
The PLI scheme is beginning to make India a manufacturing powerhouse
Centre likely to discontinue second phase of Fame-II scheme after FY24
India's agri growth reaps harvest of rabi at 3.5% in June quarter
India's core sector output slows down to 8% in July 2023: Govt data
India's GDP uptick for economic heavy-weights, shows OECD data
India's Russia oil imports fall to 7-mth low, Saudi jumps, shows trade flow
Rly Board gets first woman CEO, Jaya Varma Sinha to take charge from Sep 1
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)