India has approved 96 companies under the third round of its Production Linked Incentive (PLI) scheme for textiles, unlocking over Rs 12,822 crore in proposed investments. The newly approved firms are expected to invest Rs 2,339.14 crore, generate Rs 15,561.34 crore in turnover, and create 36,217 jobs.
The expansion of the textile PLI scheme aims to boost India's manufacturing capacity, create jobs, and enhance its competitiveness in the global textile market, aligning with the government's strategy for self-reliance in manufacturing.
The Indian government has approved 96 companies under the third round of its Production Linked Incentive (PLI) scheme for textiles, a move expected to unlock over Rs 12,822 crore in proposed investments. This latest approval includes 22 additional applicants.
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.
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