The Ministry of Textiles approved 17 new applicants on Tuesday under the Production Linked Incentive (PLI) Scheme for textiles in Round 3 of selection. The Ministry said that this significant step is set to further accelerate investment, boost domestic manufacturing, and enhance India’s global competitiveness in the Man-Made Fibre (MMF) Apparel, MMF Fabrics, and Technical Textiles sectors.
It also said that newly approved applicants have committed a total investment of 2 thousand 374 crore rupees. The Ministry highlighted that the scheme aims to enable the textile industry to achieve the necessary size and scale, become globally competitive, and create substantial employment opportunities. It also informed that under the first two rounds of selections, a total of 74 applicants have been approved under the scheme.
