Union Cabinet approves highest ever fair and remunerative price of Rs 290/quintal for sugarcane farmers

New Delhi: Union Cabinet approved highest ever fair and remunerative price of Rs 290/quintal for sugarcane farmers.

“Union Cabinet has approved Production Linked Incentive (PLI) scheme for Textiles. Incentives worth Rs 10,683 crores will be provided over 5 years,” said Union Minister Anurag Thakur.

“So far, we have primarily focused on cotton textile. But 2/3 share of the international textile market is of man-made & technical textile. This PLI scheme has been approved so that India can also contribute to the production of man-made fibers,” said Union Minister Piyush Goyal.

We hope that this decision will produce some global champions. The factories based around aspirational districts or Tier-3 & Tier-4 cities will be given priority. It will especially benefit Gujarat, UP, Maharashtra, Tamil Nadu, Punjab, Andhra Pradesh, Telangana etc: Piyush Goyal.

This is a developing story.