India Approves 96 Firms Under Textile PLI Scheme

The newly approved companies are projected to invest Rs 2,339.14 crore, generate a turnover of Rs 15,561.34 crore in notified products, and create 36,217 jobs across the textile value chain. With these additions, the cumulative committed investment under the third round of the scheme has reached Rs 12,822.67 crore, with a projected turnover of Rs 58,294.18 crore.

The selected companies are active in key segments such as man-made fibre (MMF) apparel, MMF fabrics, and technical textiles, which the government has identified as high-growth areas with significant export potential. These approvals underscore continued industry interest in the scheme and are anticipated to bolster India's position as a global manufacturing hub for value-added textile products.

The PLI scheme, designed to encourage large-scale investments in advanced textile products, is a strategic initiative aimed at enhancing India's competitiveness in global textile markets and promoting domestic manufacturing self-reliance.