The government has approved 22 new applicants under the third round of the Production Linked Incentive (PLI) Scheme for Textiles, taking the total number of approved companies under Round-III to 96.
According to the Ministry of Textiles, 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 products and create more than 36,000 employment opportunities across the textile value chain.
With the latest approvals, the total committed investment under Round-III of the Textile PLI Scheme has reached ₹12,822.67 crore, while the projected turnover from approved projects is estimated at ₹58,294.18 crore.
The approved applicants span key segments identified under the scheme, including Man-Made Fibre (MMF) apparel, MMF fabrics and technical textiles. These sectors have been identified as priority areas for expanding India’s presence in value-added textile manufacturing and strengthening its competitiveness in global markets.
The Ministry said the latest approvals reflect continued industry interest in the government’s efforts to promote investment in emerging segments of the textile sector. The proposed projects are expected to contribute to capacity expansion, technological advancement and the development of an integrated textile manufacturing ecosystem.
The Production Linked Incentive Scheme for Textiles was launched to encourage large-scale investments in man-made fibre products and technical textiles, sectors considered crucial for enhancing India’s share in the global textile and apparel market.
According to the government, the investments approved under the scheme are expected to support manufacturing growth, generate employment opportunities and strengthen domestic production capabilities in line with the vision of Aatmanirbhar Bharat.
The Ministry said the additional investments and production capacities created under the scheme will help build a globally competitive textile sector while supporting economic growth and job creation across the country.
