A total of 96 companies have been selected under the round with a total committed investment of ₹128.2267 billion ($1.345 billion) and a projected turnover of ₹582.9418 billion ($6.114 billion).
India has approved 22 new applicants under the third round of the Production-Linked Incentive (PLI) scheme for textiles.
Ninety-six firms have been selected under the round with a total committed investment of $1.345 billion and a projected turnover of $6.114 billion.
These are likely to bring in a total investment of $245.4 million and generate a projected turnover of $1.63 billion in notified products.
These are expected to bring in a total investment of ₹23.3914 billion ($245.4 million), generate a projected turnover of ₹155.6134 billion ($1.63 billion) in notified products, and create 36,217 jobs across the textile value chain, a release from the Ministry of Textiles said.
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.
Fibre2Fashion News Desk (DS)
