Government approves 17 new applicants under PLI scheme for textiles

The scheme aims to enable the textile industry to achieve the necessary size and scale, become globally competitive, and create substantial employment opportunities.
The Textile Ministry said on Tuesday that the Government has approved 17 new applicants under the Production Linked Incentive (PLI) Scheme for textiles in the third round. “The newly approved applicants have committed a total investment of Rs. 2,374 crores. The proposed projects are expected to achieve projected sales of over Rs 12,893 crores and generate employment for about 22,646 persons in the coming years,” the Ministry said in a statement. The move 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.

The PLI scheme for textiles was notified on September 24, 2021, with an approved outlay of Rs 10,683 crores 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, the statement said. Under the first two rounds of selections, a total of 74 applicants has been approved under the scheme. Recently, the Ministry had 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.

Source: https://www.deccanherald.com/india/government-approves-17-new-applicants-under-pli-scheme-for-textiles-3802271