The newly approved applicants have committed a total investment of ₹2,374 crore (~$261.14 million). Their proposed projects are expected to achieve projected sales of over ₹12,893 crore generating employment for about 22,646 persons in the coming years.
The PLI Scheme for Textiles, notified on September 24, 2021, carries an approved outlay of ₹10,683 crore to promote the production of MMF apparel and fabrics, as well as technical textile products.
The Scheme aims to enable the textile industry to achieve the necessary size and scale, become globally competitive, and create substantial employment opportunities. Under the first two rounds of selections, a total of 74 applicants have been approved, the Ministry of Textiles said in a release.
Recently, the Ministry has notified major amendments to the Scheme to further enhance industry participation. The online application portal has been reopened for acceptance of new applications till December 31, 2025.
ALCHEMPro News Desk (HU)
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