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The Ministry of Textiles has approved 17 new applicants under the Production Linked Incentive (PLI) Scheme for Textiles in Round 3 of selection.
This significant step is set to further accelerate investment, boost domestic manufacturing, and enhance India's global competitiveness in the Man-Made Fibre (MMF) Apparel, MMF Fabrics, and Technical Textiles sectors, according to a release. The newly approved applicants have committed a total investment of Rs 2,374 crore. The proposed projects are expected to achieve projected sales of over Rs 12,893 crore and generate employment for about 22,646 persons in the coming years. The PLI Scheme for Textiles was notified on September 24, 2021, with an approved outlay of Rs 10,683 crore to promote the production of MMF apparel and fabrics, and products of Technical Textiles. The Scheme aims to enable the textile industry to achieve the necessary size and scale, become globally competitive, and create substantial employment opportunities. Under the first two rounds of selections, a total of 74 applicants have been approved under the Scheme, the release stated. Recently, the Ministry has notified major amendments to the Scheme to further enhance industry participation. The online application portal has been reopened for acceptance of new applications till December 31, 2025. (ANI)
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