Textile sector PLI Scheme to fix RMG puzzle

Fundamentally to make the eco-system less concentrated on cotton push the industry to start increasing the use of MMF (Man-Made Fibres) and more aligned to global consumer demand thus making RMG exports more broad-based and sanguine, a PLI scheme was introduced Wayback in November 2020.

PLI scheme's underlying theme and objective technique is to give the right impetus to domestic manufacturing of man-made fibers, garments, and technical textiles to make the supply chain more contemporary and going forward integrate into the global supply chains.

Hopefully, PLI Scheme will be able to course-correct the asymmetry of our system as the semblance is that now as a structural change is been conspicuously been witnessed in the government approach of leading the trade in the direction where the world is heading to, and clearly is a fundamental tailwind for the turnaround in the fortunes of textile trade.

SO FAR SO GOOD.

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