Textiles Minister Announces Expansion of ₹10,000 Crore PLI Scheme for Garment Sector
- Ashok Nailwal
- Jun 27, 2024
- 1 min read
Union Minister for Textiles, Giriraj Singh Inaugurates 71st India International Garment Fair, Emphasizes World-Class Manufacturing for "Make in India" with “Zero Effect; Zero Defect” Vision.
Singh highlighted the Indian apparel and textiles market, currently valued at $165 billion, with a target to reach $350 billion. The Prime Minister’s roadmap for promoting technical fiber and geotextile offers significant growth opportunities. Singh emphasized the need to surpass China in the textiles sector, noting rising water and raw material costs in Bangladesh.
He revealed that the government has approved a production-linked incentive (PLI) scheme worth over ₹10,000 crore. Initially designed for textiles, the scheme is now being extended to the garment sector. The primary objective is to boost domestic manufacturing and enhance exports.
Knowledge sessions are being organized on June 25th and 26th, 2024, covering topics such as navigating global trade challenges, driving manufacturing excellence in apparel, and sustainable fashion from concept to reality.
The fair, organized by the AEPC through the International Garment Fair Association (IGFA) in collaboration with three major Indian garment associations—Clothing Manufacturers Association of India (CMAI), Garment Exporters & Manufacturers Association (GEMA), and Garment Exporters Association of Rajasthan (GEAR)—demonstrates the collective spirit and teamwork within the industry.
Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by agrikunba. Publisher: Krishi Jagran
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