Date extended again for PLI Scheme

Inviting fresh applications under the Scheme up to 31st December 2023

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PLI Scheme

The Government has again extended the date of inviting fresh applications under the Scheme up to 31st December 2023.

A press release by the Ministry of Textiles (MoT) says that in view of the requests from the Industry stakeholders, MoT earlier decided to re-open the PLI Portal till 31st August 2023 for inviting fresh applications from interested companies under the PLI scheme of Textiles for MMF Apparel, MMF Fabrics and products of Technical Textiles. The Ministry has now decided to extend the date of inviting fresh applications under the Scheme up to 31st December 2023.

MoT had approved 64 applications under the Rs. 19,798 crore scheme last year. In part-1 of the PLI schemes, the minimum investment required is Rs. 300 crore and the minimum turnover required to be achieved for incentive is Rs. 600 crore while in part-2, the minimum investment should be Rs. 100 crore and the minimum turnover Rs. 200 crore.

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