Textile Ministry reports Rs.6,708cr investment commitment
The Government has approved 52 new applications under Round III of the Production Linked Incentive (PLI) Scheme for Textiles with a combined investment commitment of Rs.6,708 crore and an expected turnover of Rs.21,186 crore.
Five of the 52 approved applications are for MMF Apparel, 19 for MMF Fabrics, 18 for Technical Textiles and 10 for multiple segments, the Ministry of Textiles said on 10 Apr.
The approved proposals are expected to provide a significant boost to the textile sector, particularly in the segments of Man-Made Fibre (MMF) fabrics, MMF apparel, and Technical Textiles.
“These investments will enhance domestic manufacturing capabilities, promote innovation, and strengthen India’s position in the global textile market,” said the Ministry.
The PLI Scheme for Textiles is a key initiative of the Government aimed at promoting high-value textile production, attracting investment, and generating employment opportunities across the country.
Investment of Rs.944.48 crore, turnover of Rs.4,473 crore and exports of Rs.363.55 crore has been reported by the PLI participant companies in three quarters of FY 2025-26, according to the Ministry.
“The Government remains committed to supporting the growth and competitiveness of the textile industry through targeted policy interventions and stakeholder collaboration,” it added. fiinews.com
