Coimbatore: The Indian Technical Textile Association (ITTA) has praised the Government’s Government’s decision to approve Hospital 10,683 Crore for the incentive scheme related to production (PLI) for textiles for MANMADE fiber clothing (MMF), MMF cloth, and 10 technical textile segments / products.
“PLI is a landmark scheme and will provide new leases for MMF and technical textile segments,” said Sundararaman SK, Chairperson, ITTA.
This scheme will accelerate the creation of world-class champions within a short period of time in MMF and technical textile products, he said.
This scheme offers two types of investment models – one with RS 300 Crore Investment and others with RS 100 Crore with incentives that are different rates for a period of five years.
The government’s goal is to attract investment in aspirational districts, especially Tier-3 and Tier-4 cities and rural areas, Rajasthan and Punjab can take advantage of the scheme and attract investment, said Sundararaman.
TNN.
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