The Indian government is currently anticipating the implementation of PLI 2.0 in the textile industry. The Centre hopes that PLI 2.0 will enable the sector to compete on a global scale with top exporting countries such as China and Vietnam. However, given the textile sector’s export target, the industry has its own limitations, according to Updeep Singh Chatrath, CEO & President—Sutlej Textiles and Industries.
In a one-on-one interview with SME Futures, he discusses the current state of the textile industry and what India needs to do to meet its ambitious export and growth targets.