Seventeen new applicants approved by the government are in the fray for its Production-Linked Scheme (PLI) for textiles that is aimed at boosting exports for India’s textile sector that is hit hard by US administration’s steep tariffs.
The Ministry of Textiles said on Tuesday that it had approved the new applicants in the third round after the PLI Scheme for textiles was first notified on September 24, 2021, with an approved outlay of ₹10,683 crore to promote the production of MMF apparel and fabrics and products of Technical Textiles sectors.
“The newly approved applicants have committed a total investment of ₹2,374 crore. The proposed projects are expected to achieve projected sales of over ₹12,893 crore and generate employment for about 22,646 persons in the coming years,” the ministry stated.
Under the first two rounds of selections, a total of 74 applicants had been approved under the scheme.
Also Read: Govt invites textile firms to avail PLI scheme benefits
After high tariffs were imposed on Indian goods by the US administration, the textile ministry notified major amendments to the PLI Scheme to further enhance industry participation, reopening acceptance of new applications till December 31, 2025.
The move is aimed at accelerating investment, boost domestic manufacturing, and enhance India’s global competitiveness in the Man-Made Fibre (MMF) Apparel, MMF Fabrics, and Technical Textiles sectors.
The scheme aims to enable the textile industry to achieve the necessary size and scale, become globally competitive, and create substantial employment opportunities.
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