Approved as participant under PLI Scheme for Textiles Round 3
BORANA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Borana Weaves has received a Letter of Approval from the Ministry of Textiles, Government of India, inducting it as a participant company under the PLI Scheme for Textiles, Round 3, in the MMF Fabrics segment under Part-2 category. The approval enables the company to set up a separate project unit for MMF Fabrics and become eligible for production-linked incentives. Disbursement of incentives will depend on meeting cumulative new domestic investment, turnover of notified products, value addition, and other scheme criteria.
Positive: makes Borana eligible for government PLI incentives on MMF Fabrics, supporting capacity expansion and margin upside if scheme targets are met.