Tuesday, March 18, 2025 | 04:58 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Fearing WTO backlash, govt puts on hold textile PLI export targets

Govt officials say they are cautious as they don't want to be trapped in the WTO quagmire

Garment, textile, business, MSME, sme, jobs, labour, manufacturing, local, economy
Premium

Even as the scheme for textiles may eventually boost exports, the idea is to incentivize production, a senior government official said.

Shreya Nandi New Delhi
The central government has changed its strategy towards its flagship scheme for manufacturing - production-linked incentives (PLIs) — by pulling out any export-related projections, as it wants to stay away from any backlash at the World Trade Organization (WTO). As such, it did not spell out any export-related projections in PLI for textiles, approved by the Union Cabinet last week. 

Government officials told Business Standard that even as the scheme has been carefully designed, and is compliant with the global trade body’s norms, they are cautious as they don't want to be trapped in the WTO quagmire.

Until now, the government had

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in