Business
Government Expands PLI Support to Boost MMF and Technical Textiles
The Centre has approved 22 new applicants under the third round of the Production Linked Incentive (PLI) Scheme for Textiles, taking the total number of selected companies to 96. The initiative is expected to attract investments of over ₹12,822 crore and generate turnover exceeding ₹58,000 crore.
In a significant boost to India’s textile manufacturing sector, the Ministry of Textiles has approved 22 new applicants under the third round of the Production Linked Incentive (PLI) Scheme for Textiles.
With the latest approvals, the total number of companies selected under Round-3 of the scheme has risen to 96.
According to the ministry, the approved applicants have collectively committed investments worth more than ₹12,822 crore, while the scheme is expected to generate a projected turnover exceeding ₹58,000 crore over the implementation period.
The newly approved companies span several strategic segments identified under the Production Linked Incentive Scheme for Textiles, including:
- Man-Made Fibre (MMF) Apparel
- MMF Fabrics
- Technical Textiles
These segments have been prioritised to diversify India’s textile exports and enhance its competitiveness in high-value products.
The government said the expansion of the scheme would further strengthen India’s position as a global hub for value-added textile manufacturing, encouraging innovation, technological advancement, and large-scale production.
The PLI Scheme for Textiles was launched to attract fresh investments, boost domestic manufacturing capabilities, and create employment opportunities across the textile value chain. It aims to enable Indian manufacturers to scale up operations and compete effectively in international markets.
Industry experts believe that the additional investments will help modernise production facilities, improve export competitiveness, and accelerate the growth of emerging segments such as technical textiles, which are increasingly witnessing strong global demand.
The initiative is also expected to support the government’s broader vision of enhancing manufacturing under the “Make in India” initiative and increasing India’s share in the global textile trade.
Officials noted that the participation of a larger number of companies reflects growing confidence in the scheme and the long-term growth prospects of India’s textile industry.
With investments crossing ₹12,822 crore and projected revenues surpassing ₹58,000 crore, the PLI Scheme is poised to play a pivotal role in transforming India into a preferred destination for advanced textile manufacturing and exports.