96 companies have committed Rs.2,339.14cr investment
The Government has approved 22 new applicants under the Round-3 of the Production Linked Incentive (PLI) Scheme for Textiles. The newly approved companies are expected to bring in a total investment of Rs.2,339.14 crore, generate a projected turnover of Rs.15,561.34 crore in notified products, and create 36,217 employment opportunities across the textile value chain.
A total of 96 companies, selected under Round-3 of the scheme, have committed investment of Rs.12,822.67 crore and a projected turnover of Rs.58,294.18 crore, the Ministry of Textiles said on 10 June.
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.
The addition of these companies under the PLI Scheme reflects the continued industry response to the Government’s efforts to promote investments in sunrise segments of the textile sector. The proposed investments and production capacities are expected to support the development of a robust and globally competitive textile ecosystem aligned with the vision of Aatmanirbhar Bharat. Fiinews.com
