96 companies approved under Textile PLI Scheme; ₹12,822 crore investment expected

Ziraat Times News Desk

New Delhi, June 10: The Government of India has approved 22 new applicants under the third round of the Production Linked Incentive (PLI) Scheme for Textiles, paving the way for fresh investments, higher production, and employment generation in the country’s textile sector.

According to an official statement issued on Wednesday, the newly approved companies are expected to bring investments worth ₹2,339.14 crore, generate a projected turnover of ₹15,561.34 crore in notified textile products, and create 36,217 jobs across the textile value chain.

With the latest approvals, a total of 96 companies have now been selected under Round-III of the Textile PLI Scheme. Collectively, these companies have committed investments of ₹12,822.67 crore and are projected to generate a turnover of ₹58,294.18 crore.

The approved applicants operate in key focus areas identified under the scheme, including Man-Made Fibre (MMF) apparel, MMF fabrics, and technical textiles. The government said the investments would strengthen India’s position as a global manufacturing hub for value-added textile products.

Officials noted that the continued participation of companies reflects a positive industry response to the government’s efforts to promote investments in emerging and high-growth segments of the textile sector.

The proposed investments and production capacities are expected to contribute to the development of a globally competitive textile ecosystem, enhance domestic manufacturing capabilities, and support the vision of an Aatmanirbhar Bharat.

The Textile PLI Scheme is aimed at encouraging large-scale investments in MMF and technical textile segments, improving competitiveness, boosting exports, and creating employment opportunities across the sector.