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Functions beneath the PLI Scheme for textiles have been obtained by means of an online portal from January 1, 2022, to February 28, 2022.
The Centre launched the PLI Scheme with an authorised outlay of Rs 10,683 crore to advertise the manufacturing of MMF attire, MMF materials and Merchandise of Technical Textiles within the nation to allow the textiles business to attain dimension and scale and to turn out to be aggressive.
“Choice Committee chaired by Secretary (Textiles) has chosen 64 candidates beneath the scheme. 56 candidates have accomplished the obligatory standards for the formation of a brand new firm and approval letters have been issued to them. Funding to the tune of Rs 1,536 crore has been made to this point,” an official assertion mentioned.
The ministry mentioned that home cotton cultivation has elevated by 5 per cent to 125.02 lakh hectares as towards 119.10 lakh hectares throughout final yr, and a model named ‘Kasturi Cotton India’ for Indian cotton has been launched to encourage mechanized harvesting of cotton, enhancing its high quality of cotton and cut back labour value.
Moreover, 74 analysis proposals amounting to Rs 232 crore have been authorised beneath Nationwide Technical Textile Mission (NTTM) for speciality fibre and technical textiles, the Textiles Ministry said within the year-end overview for the phase.
