The government has approved 22 new companies under Round 3 of the Production Linked Incentive (PLI) Scheme for the textile sector.
These companies are expected to invest Rs 2,339.14 crore and generate a projected turnover of Rs 15,561.34 crore from notified textile products.
The new projects are expected to create 36,217 jobs across different segments of the textile value chain, supporting employment growth in the sector.
With the latest approvals, a total of 96 companies have now been selected under Round 3 of the Textile PLI Scheme. Together, they have committed investments of Rs 12,822.67 crore.
The selected companies are projected to generate a total turnover of Rs 58,294.18 crore. The approved applicants operate in key segments including Man Made Fibre (MMF) apparel, MMF fabrics and technical textiles, helping strengthen India’s textile manufacturing capabilities.
Bringing you the latest updates on finance, economies, stocks, bonds, and more. Stay informed with timely insights.
