The government has approved 52 new applications under Round III of the Production Linked Incentive (PLI) Scheme for Textiles. The Ministry of Textiles stated that these applicants have committed an investment of ₹6,708 crore, with an expected turnover of ₹21,186 crore. The approved proposals are expected to significantly boost the textile sector, particularly in the areas of Man-Made Fibre (MMF) fabrics, MMF apparel, and Technical Textiles.
Out of these 52 approved applications, 5 are for MMF apparel, 19 for MMF fabrics, 18 for Technical Textiles, and 10 for multiple segments. These investments will enhance domestic manufacturing capabilities, promote innovation, and strengthen India's position in the global textile market. The PLI Scheme for Textiles is a key initiative of the government aimed at promoting high-value textile production, attracting investment, and generating employment opportunities across the country.
