Tirupur exporters appeal for Garments PLI 2.0 scheme

Tiruppur, Apr 12 (KNN) Tiruppur Exporters Association (TEA) has urged Shubhra Agarwal, Trade Advisor, Ministry of Textiles to announce the Production Linked Incentive - 2.0 Scheme for garments.

K. M. Subramanian, President, TEA on Tuesday met the Trade Advisor at Netaji Apparel Park (NAP) in New Tirupur on Tuesday.

After the Trade Advisor visited factories and observing the facilities, she held a meeting at NAP.

Subramanian appealed to help to address the points like Production Linked Incentive – 2.0 Scheme, Requirement of New Technology Upgradation Fund Scheme (TUFS), Interest Equalisation Scheme, and Requirement of a Special Scheme for MSMEs under ECLGS etc.

She said PLI 2.0 scheme would be threshold investment limit of Rs 25 crore and Rs 50 crore and investment in Accessories may be at lower level.

The Trade Advisor has also advised to support for the QCOs, which would be beneficial for the business for long run.  (KNN Bureau)