PLI Round-3: 96 Firms, ₹12K Cr Investment, One Massive Textile Vision

The government has approved 22 additional companies under Round-3 of the Production Linked Incentive (PLI) Scheme for Textiles, taking the total number of approved participants to 96. The move is aimed at accelerating investment, enhancing manufacturing capabilities, and strengthening India’s position in the global textile value chain.

The newly approved applicants are expected to attract investments worth ₹2,339.14 crore, generate an estimated turnover of ₹15,561.34 crore in eligible products, and create approximately 36,217 jobs across the sector. Collectively, the 96 companies approved under the third round have committed investments of ₹12,822.67 crore and are projected to generate a turnover of ₹58,294.18 crore.

The approved firms operate in key segments such as man-made fibre (MMF) apparel, MMF fabrics, and technical textiles, which are considered critical for expanding India’s presence in high-value textile manufacturing. The initiative is expected to drive innovation, boost exports, attract further investments, and create large-scale employment opportunities, supporting the long-term growth and competitiveness of the Indian textile industry.

News by Rahul Yelligetti.