The government has given the green light to 22 new applicants in the third round of the Production Linked Incentive (PLI) Scheme for Textiles. This move is expected to attract investments totaling Rs 2,339.14 crore and lead to the creation of over 36,000 jobs in the textile industry.
These approved projects are estimated to result in a turnover of Rs 15,561.34 crore from designated textile products and offer 36,217 job opportunities throughout the textile value chain. So far, a total of 96 companies have been selected in this round of the PLI Scheme for Textiles, committing investments worth Rs 12,822.67 crore and projecting a turnover of Rs 58,294.18 crore.
The selected firms are engaged in critical sectors of the scheme such as Man-Made Fibre (MMF) Apparel, MMF Fabrics, and Technical Textiles. By expanding these areas, the government aims to bolster India’s status as a global manufacturing center for value-added textile goods.
This recent approval signifies the industry’s ongoing interest in the government’s initiatives to stimulate investments in emerging textile segments. The PLI scheme is designed to promote local manufacturing, improve competitiveness, and draw substantial investments into the sector, fostering the development of a robust and globally competitive textile ecosystem.
Aligned with the vision of Aatmanirbhar Bharat, the initiative seeks to enhance domestic manufacturing capabilities and create job prospects. The PLI Scheme for Textiles has become a pivotal policy instrument for driving sectoral growth, particularly in high-value addition areas with significant export potential, reinforcing India’s presence in global textile supply chains.
