PLI to create more jobs
The idea of Production Linked Incentive (PLI) Scheme, announced for textiles by the government, was to create huge employment opportunities and extend support to companies that were interested in scaling up business in the sector, a senior government official said.
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Chennai: The idea of Production Linked Incentive (PLI) Scheme, announced for textiles by the government, was to create huge employment opportunities and extend support to companies that were interested in scaling up business in the sector, a senior government official said.
The advantage of PLI Scheme is to invest in those projects, which are covered under the scheme for the products, and create huge employment and achieve production turnover for companies, Textiles Ministry Additional Secretary Vijoy Kumar Singh said.
"As a government we are looking at the creation of employment, opportunities for people, our citizens. So, the creation of employment opportunities is liked by both the central and state governments. So jointly, we will work towards the success of this scheme. That is our objective," he added.
Recently, the Centre approved the PLI Scheme for textiles that aims at making the country regain its dominance in the global textile trade. The scheme was expected to have a positive impact on states like Gujarat, Uttar Pradesh, Maharashtra, Tamil Nadu, Punjab, Andhra Pradesh and Telangana, a release said. According to Singh, the scheme would help create additional employment of over 7.50 lakh people directly.
