Page 7 - Daily News_20210923

Combine investments in textiles under PLI

Textile entrepreneurs can consider undertaking joint investments to
meet the Production Linked Incentive (PLI) Scheme’s minimum

investment criteria, said V. K. Singh, Additional Secretary, Ministry of
Textiles, at an Indian Chamber of Commerce (ICC) meeting.

Noting that the minimum investment criterion of ₹100 crore under the

PLI to make apparels and the condition that the products should have
85% manmade fibre content may be unviable for garment units, Sanjay
Jain, chairman of the ICC expert committee on textiles and jute, earlier
urged a reduction in the minimum investment criterion. Mr. Jain also

pointed out that raising GST rates for garments priced lower than ₹1,000
to 12% from 5% would lead to higher inflation. He appealed to the
Ministry to recommend to the Finance Ministry to not raise the rates, for
the benefit of MSMEs.

越南 11 月前將批准 RCEP 可能明年初生效

越南工商部副部長陳國慶（Tran Quoc Khanh）今天表示，越南可能

在今年 11 月前批准區域全面經濟夥伴協定（RCEP）。

陳國慶在聲明中表示，11 月批准後，RCEP 可能在明年初生效。

RCEP 涵蓋的自貿區橫跨 15 個國家逾 20 億人口，經濟規模達近 26

兆美元，約占全球 GDP 30%，以 GDP 而言，將是全球最大的貿易協

定。RCEP 貿易額約占全球的三分之一。

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