The Ministry of Textiles has approved 17 additional applicants under Round 3 of the Production Linked Incentive (PLI) Scheme for Textiles, marking a significant push toward expanding investment, strengthening domestic manufacturing and improving India’s global competitiveness in the Man-Made Fibre (MMF) apparel, MMF fabrics and technical textiles segments.
According to the Ministry, the newly approved applicants have collectively committed investments amounting to Rs. 2,374 crore (US $ 268 million). The projects proposed by these companies are projected to generate more than Rs. 12,893 crore (US $ 1.45 billion) in sales and create employment for approximately 22,646 people in the coming years.
The PLI Scheme for Textiles, launched on 24th September 2021 with an outlay of Rs. 10,683 crore (US $ 1.21 billion), aims to incentivise the production of MMF apparel, MMF fabrics and technical textile products. The initiative is designed to help the industry scale up, enhance global competitiveness and create substantial job opportunities. A total of 74 applicants were selected under the first two rounds of approvals.
In line with efforts to broaden industry participation, the Ministry recently announced major amendments to the Scheme. It has also reopened the online application portal for the submission of new proposals, which will be accepted until 31st December 2025.
