Textiles Minister Giriraj Singh has said the government has approved over Rs 10,000 crore production linked incentive (PLI) scheme for textiles and now considering to extend it to the garments sector with a view to boosting domestic manufacturing and exports. He said that huge opportunities are there to increase exports and the industry should target $50 billion worth of shipments in the coming years.
The minister noted that in 2021, the government approved the PLI scheme for textiles with an approved outlay of Rs 10,683 crore over a five year period to promote production of MMF (man-made fibre) Apparel, MMF Fabrics and Products of Technical Textiles in the country to enable textiles industry to achieve size and scale and to become competitive. He said ‘the market size of the Indian textiles industry is about $165 billion and we have to take it to $350 billion.’ He also said that the ministry is framing a roadmap to move ahead of China in the sector.
Singh also called for the adoption of the 'hub and spoke' model to enhance domestic manufacturing, encouraged industry collaboration and underscored the importance of establishing Indian brands. The ministry is also poised to revive the Scheme for Integrated Textile Parks (SITP) to create internationally standardized parks. Further, he suggested the industry establish their own brands instead of becoming suppliers to global brands, besides focusing on green textiles and recycling.
