It added that revenue from trading and outsourced labor is not taken into account when calculating the entitlement to claim the incentive.
The goods manufactured by the registered company are only eligible for the incentives, and the addition of goods manufactured by other manufacturers or units within the same group company is not taken into account in the calculation of the additional sales.
“Only manufacturing companies registered in India can participate in the program,” the statement said.
Incentives under the program will be granted for five years from 2025-26 to 2029-30 for incremental revenue of Rs 10.683 billion from 2024-25 to 2028-29.
However, if a company manages to meet the investment and performance targets a year earlier, they are eligible one year in advance from 2024-25 to 2028-29, it said.
The program provides incentives for MMF clothing (man-made fiber), MMF fabrics and 10 product segments for technical textiles.
It also states that only one company in a group may be registered for the PLI for textiles and none of its other group companies is entitled to participate in this program as a second participant.
“However, the group may submit more than one proposal for consideration but must make a decision at the time of selection on the proposal it wishes to take forward in the event that more than one of its proposals is shortlisted based on a transparent selection process” it added.
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