Selected companies have committed investments worth ₹12,822 crore, reinforcing India’s efforts to expand domestic textile manufacturing, boost exports, and create large-scale employment opportunities.
The Government of India has approved 96 companies under the third round of the Production Linked Incentive (PLI) Scheme for Textiles, marking another significant step in strengthening the country’s textile manufacturing ecosystem. The selected firms have collectively committed investments of approximately ₹12,822 crore, underscoring strong industry confidence in India’s textile growth prospects.
The approvals come as part of the government’s broader strategy to position India as a global hub for value-added textile products, particularly in the segments of man-made fibre (MMF) apparel, MMF fabrics, and technical textiles. These sectors have been identified as key growth drivers due to their rising demand in both domestic and international markets.
According to official estimates, the newly approved projects are expected to substantially increase production capacity, enhance export competitiveness, and generate significant employment opportunities across the textile value chain. The investments will support the establishment of new manufacturing facilities, capacity expansions, and the adoption of advanced production technologies.
The PLI Scheme for Textiles has been designed to encourage large-scale investments in modern manufacturing while promoting innovation and value addition. By offering financial incentives linked to incremental production, the scheme aims to attract both domestic and international investors and strengthen India’s position in global textile supply chains.
Industry stakeholders have welcomed the latest approvals, noting that the additional investments will help accelerate the development of high-value textile products and improve the sector’s ability to meet evolving market requirements. The scheme is also expected to support the government’s objective of increasing textile exports and reducing dependence on imports in specialized product categories.
Officials believe that the cumulative impact of the approved projects across all rounds of the PLI scheme will contribute significantly to industrial growth, employment generation, and the modernization of India’s textile sector. As investments begin to materialize, the sector is expected to benefit from improved productivity, enhanced competitiveness, and greater integration with global markets.