Textile PLI Round 3 Attracts ₹12,823 Crore In Investment Commitments

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 selected companies under Round-3 to 96.

According to the Ministry of Textiles, the newly approved companies are expected to bring in investments worth ₹2,339 crore, generate a projected turnover of ₹15,561 crore in notified products and create over 36,000 employment opportunities across the textile value chain.

With the latest approvals, the total committed investment under Round-3 of the scheme has reached ₹12,823 crore. The selected companies are expected to generate a cumulative turnover of ₹58,294 crore through the production of eligible textile products.

What Is The Focus Of This Initiative?

The approved applicants are spread across key focus segments covered under the Textile PLI Scheme, including Man-Made Fibre (MMF) Apparel, MMF Fabrics and Technical Textiles.

The government said the latest approvals further strengthen India's position as a manufacturing hub for value-added textile products. These segments have been identified as high-growth areas with significant export potential and opportunities for technological advancement.

Boost For Manufacturing And Employment

The Ministry of Textiles said the proposed investments and planned production capacities will help build a stronger and globally competitive textile ecosystem in India.

The government is counting on these investments to help local manufacturing and create more jobs across the entire textile industry. This move also supports the greater vision of ‘Aatmanirbhar Bharat’, where the focus is on ramping up investment in sunrise sectors and import substitution in the area of specialised textile categories.

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For investors, businesses operating in the manufacturing of MMF apparel, technical textiles and their supply chains might get the most advantage from the rise in capacity creation, investment inflows and increasing export opportunities in the future years.

Sources:

Ministry of Textiles Press Release

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