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Govt to come out with second PLI scheme for textiles: Goyal -Dilasha Seth

-Livemint.com

Move aims to give further boost to manufacturing and exports of apparel, commerce and industry minister Piyush Goyal said at an industry event on Saturday

COIMBATORE: The Union government is set to come out with a second production linked scheme (PLI) for the textiles sector, to give further boost to manufacturing and exports of apparel, commerce and industry minister Piyush Goyal said at an industry event on Saturday.

On possibility of extension of customs duty on cotton, he said that that with global cotton prices easing, government did not see the need to extend the customs duty waiver beyond September. However, if needed, it may look at extending it by another month. The finance ministry had in April waived the 10% customs duty on cotton imports till September 30 in a bid to ease price for the textiles industry and end consumers.

"Cotton prices have already started easing...and cotton is becoming more affordable. So I don't think there is a need need to extend customs duty waiver beyond September.. if at all required, we may extend it by a month or so," said Goyal.

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