TCF POST Desk
The Indian government has approved 22 new applicants under Round 3 of the Production Linked Incentive (PLI) scheme for textiles, bringing the total number of companies selected under this round to 96.
“The approved applicants span key focus segments of the PLI scheme, including Man-Made Fibre (MMF) apparel, MMF fabrics, and technical textiles, thereby further strengthening India’s position as a global hub for value-added textile manufacturing,” a government statement noted.
The newly approved companies are expected to bring in a total investment of ₹2,339.14 crore, generate a projected turnover of ₹15,561.34 crore in notified products, and create 36,217 employment opportunities across the textile value chain.
The government statement also noted that the addition of these companies under the PLI scheme reflects the industry’s continued response to the government’s efforts to promote investments in sunrise segments of the textile sector.
Round 3 of the PLI scheme has secured an investment commitment of ₹12,822.67 crore and a projected turnover of ₹58,294.18 crore.