NEW DELHI: In a major push to position India as a global manufacturing hub, the government has approved 22 new applicants under the third round of the Production Linked Incentive (PLI) Scheme for Textiles. This latest clearance brings the total number of approved companies under Round-III to an impressive 96.
According to a statement released by the Ministry of Textiles, the scheme is specifically targeted at expanding India’s presence in value-added textile manufacturing and aggressively strengthening its competitive edge in international markets.
Investment and Employment Impact
The proposed projects are expected to contribute massively to capacity expansion, technological advancement, and the development of an integrated textile manufacturing ecosystem.
The immediate economic impact of these 22 newly approved applicants includes:
-
Fresh Investments: Capital influx projected at ₹2,339.14 crore.
-
Projected Turnover: Expected to reach ₹15,561.34 crore from notified textile products.
-
Job Creation: Generation of more than 36,000 direct employment opportunities across the textile value chain.
With this latest round of approvals, the cumulative committed investment under Round-III of the Textile PLI Scheme has now swelled to ₹12,822.67 crore, driving a massive estimated total turnover of ₹58,294.18 crore from all approved projects combined.
Focus on Emerging and Value-Added Segments
The approved applicants span critically identified priority segments under the PLI scheme, primarily focusing on:
-
Man-Made Fibre (MMF) Apparel
-
MMF Fabrics
-
Technical Textiles
The Production Linked Incentive Scheme for Textiles was originally launched to encourage large-scale corporate investments in these specific “sunrise” sectors, which are deemed crucial for exponentially enhancing India’s global market share in textiles and apparel.
“The addition of these companies under the PLI Scheme reflects the continued industry response to the government’s efforts to promote investments in emerging segments. The investments are expected to support manufacturing growth and strengthen domestic capabilities in line with the vision of Aatmanirbhar Bharat,” the Ministry stated.
The government reiterated that the additional production capacities birthed under this scheme will heavily support localized economic growth while building a highly resilient and globally competitive Indian textile ecosystem.
