Government of India approved 22 new applicants under Phase III of the Production-Linked Incentive (PLI) Scheme for Textiles

¨  The Government of India approved 22 new applicants under Phase III of the Production-Linked Incentive (PLI) Scheme for Textiles.

¨     The approved applicants have committed investments worth ₹2,339.14 crore.

¨ These projects are expected to generate an estimated turnover of ₹15,561.34 crore from notified textile products.

¨  The PLI Scheme for Textiles is a Central Sector Scheme aimed at promoting domestic manufacturing in the textile sector.

The scheme focuses on the production of value-added textile products.

Covered product categories include:

¨     Man-Made Fibre (MMF) Apparel

¨     Man-Made Fibre (MMF) Fabrics

¨     Technical Textiles

With the latest approvals, a total of 96 companies have been selected under Phase III of the Textile PLI Scheme.These 96 companies have committed total investments of ₹12,822.67 crore.

The Phase III projects are expected to generate an estimated turnover of ₹58,294.18 crore.The newly approved 22 applicants are expected to create 36,217 jobs across the textile value chain.The approved companies operate in the sectors of MMF apparel, MMF fabrics, and technical textiles.The scheme aims to strengthen India's position as a global hub for textile and technical textile manufacturing.It is expected to boost investment, exports, production, and employment in the textile industry.