The Government has approved 22 additional companies under the third round of the Production Linked Incentive (PLI) Scheme for Textiles, further strengthening India's efforts to boost domestic manufacturing and expand its presence in high-value textile segments.
The newly approved applicants are expected to invest Rs 2,339.14 crore, generate an estimated turnover of Rs 15,561.34 crore from eligible products, and create over 36,000 employment opportunities across the textile value chain.
With these approvals, the total number of companies selected under Round-3 of the scheme has reached 96. Collectively, these companies have committed investments of Rs 12,822.67 crore and are projected to generate turnover of Rs 58,294.18 crore in the coming years.
The approved projects span key focus areas of the PLI Scheme, including Man-Made Fibre (MMF) apparel, MMF fabrics, and technical textiles. These segments have been identified as strategic growth areas with significant export potential and increasing global demand.
The government said the strong participation from industry reflects growing confidence in India's textile manufacturing ecosystem and supports the objective of developing globally competitive capacities in value-added textile products.
The investments are expected to strengthen the domestic textile supply chain, enhance export competitiveness, generate large-scale employment, and accelerate India's ambition of becoming a global manufacturing hub for advanced textile products under the vision of Aatmanirbhar Bharat.