The Ministry of Textiles is bringing to fore a structure under which the Production Linked Incentive (PLI) Scheme for technical textiles and manmade fibre segment will be rolled out.
The new Textile Policy is on the anvil, observing that the previous National Textile Policy was unveiled two decades ago.
The Centre has launched a PLI Scheme worth Rs 1.46 lakh crore for 10 sectors to boost domestic manufacturing, create jobs and reduce dependence on imports.
Under the scheme, Rs 10,683 crore have been allocated for textile products -- manmade fibre (MMF) segment and technical textiles segments.