The government has approved 22 new applicants under the third round of the Production Linked Incentive (PLI) Scheme for Textiles, taking the total number of approved companies under Round-III to 96. According to the Ministry of Textiles, the newly approved companies are expected to bring investments worth ₹2,339.14 crore, generate a projected turnover of ₹15,561.34 crore in notified products and create more than 36,000 employment opportunities across the textile value chain. With the latest approvals, the total committed investment under Round-III of the Textile PLI Scheme has reached ₹12,822.67 crore, while the projected turnover from approved projects is estimated at ₹58,294.18 crore. The approved applicants span key segments identified under the scheme, including Man-Made Fibre (MMF) apparel, MMF fabrics and technical textiles. These sectors have been identified as priority areas for expanding India’s presence in value-added textile manufacturing and strengthening its competitiveness in global markets. Read More