Borana Weaves Approved for PLI Scheme for Textiles

Borana Weaves Limited has received approval from the Ministry of Textiles, Government of India, to participate in the Production Linked Incentive (PLI) Scheme for Textiles. The approval specifically covers the MMF Fabrics segment under Part-2 category. This signifies the company's inclusion in a government initiative aimed at boosting domestic manufacturing and production in the textile sector. The company must adhere to the scheme's guidelines, and the final disbursement of incentives will be contingent upon meeting specified investment, turnover, and value addition criteria.