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. He said that the government will soon seek cabinet approval for the second PLI scheme on textiles. "The textiles sector has a production linked incentive scheme... we are thinking of coming up with one more PLI scheme for the textiles sector. The second edition of the scheme is likely to focus on segments under textiles not covered in the earlier scheme. He reiterated that the textiles sector in an integral part of the free trade agreements being entered into by India.

Source: Mint June 26, 2022 02:44 UTC