“We are dedicated to assisting the apparel sector and are considering developing an additional PLI program. Negotiations are ongoing between textiles, DPIIT, and Niti Aayog, and in consultation with industry stakeholders. We will soon be developing a plan, which we will present to Cabinet for approval,” Goyal told reporters.
Trade and Industry Minister Piyush Goyal on Saturday said the government was considering launching a production-linked incentive (PLI) sector in the garment sector to boost domestic production and exports.
He said discussions were ongoing between the textile department, the Department of Industrial Development and Internal Trade (DPIIT), and Niti Aayog.
“We are dedicated to assisting the apparel sector and are considering developing another PLI program. Negotiations are ongoing between textiles, DPIIT, and Niti Aayog, and in consultation with industry stakeholders. We will soon be developing a plan, which we will present before Cabinet for approval,” Goyal told reporters here.
The government has announced a PLI plan for the use of Rs 1.97 lakh crore in more than a dozen sectors, including man-made fibres, textile technology, white goods, medical equipment, and motor vehicles.
He also said that exports are growing at a healthy rate and exports could reach USD 100 billion (Rs 8 lakh crore) in the next five years from now about USD 44 billion.
He said, ” The textile industry is also looking to double the domestic product by Rs 20 lakh crore over the next five years.” The ministry continued, “This will inspire newcomers and MSMEs and assist generate jobs and encourage investment.”
Goyal, who also manages a fabric holding, was asked if there was any intention to prolong the tax credit on textiles purchases made on September 30. He responded that “I don’t think there is a need to extend it beyond September. But, if necessary, we can extend it for a whole month.”
In the Mega Integrated Textile Region and Apparel (PM MITRA) parks program. He said several provinces, including Tamil Nadu, have allocated projects to establish Mega Integrated Textile Region and Apparel parks. The department is considering such applications.
Cabinet has approved the establishment of 7 Mega Integrated Textile Region parks and Apparel parks worth Rs 4,445 crore over five years to put India firmly on the global textile map. Commenting on free trade agreements, Goyal said talks were underway with Canada, the UK, the European Union, and Israel.
Regions such as the GCC (Gulf Cooperation Council) and the Eurasian Economic Union are also committed to the early conclusion of trade agreements with India. “This series of FTAs will provide an opportunity for our exporters to improve exports and create jobs and attract billions of investors across India,” the minister said.
Goyal also said that textile and pharmacy services will work to provide clean nappies under Pradhan Mantri Jan Aushadhi Yojana. Regarding the National Textile Corporation, he said “we should allow the private sector to assess. Whether the NTC can operate efficiently and technically. So far, it has never happened. “
The minister said international brands such as Zara, Gap, Tommy Hilfiger, H&M, and Puma are customers of Tiruppur clothing manufacturers.
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The National Textile Corporation, said “we should allow the private sector to assess the NTC’s viability and efficiency. So far, it has never happened. “
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