New Delhi: The Government of India has approved 22 new applicants under the third phase of the Production Linked Incentive (PLI) Scheme for the textile sector, further strengthening the country’s efforts to expand high-value textile manufacturing and employment generation.
The newly approved companies are expected to bring investments worth ₹2,339.14 crore, generate an estimated turnover of ₹15,561.34 crore from notified products, and create approximately 36,217 jobs across the textile value chain.
With these latest approvals, the total number of companies selected under the third phase of the PLI Scheme has reached 96. Collectively, these projects are expected to attract guaranteed investments of ₹12,822.67 crore and generate an estimated turnover of ₹58,294.18 crore.
The approved applicants operate in key focus segments covered under the scheme, including man-made fibre (MMF) apparel, MMF fabrics, and technical textiles. These sectors have been identified as strategic growth areas to enhance India’s competitiveness in global textile markets.
The government said the continued participation of industry players reflects strong confidence in its efforts to promote investment in emerging textile segments. The proposed investments and production capacities are expected to support the vision of Atmanirbhar Bharat by building a robust, globally competitive textile ecosystem and strengthening India’s position as a leading hub for value-added textile manufacturing.
The initiative is also expected to provide a significant boost to employment generation, exports, and overall growth of the textile sector. :::
