The government has approved 52 new textile applications under the PLI Scheme. These companies will invest Rs 6,708 crore. This initiative aims to boost domestic manufacturing and innovation. It will strengthen India's global textile market position. The scheme supports manmade fibre apparel, fabrics, and technical textiles. This move is set to enhance production capabilities across the sector.

New Delhi: The government has approved 52 new applications under the third round of the Production Linked Incentive (PLI) Scheme for textiles. Out of these, five are for manmade fibre (MMF) Apparel, 19 for MMF Fabrics, 18 for Technical Textiles and 10 for multiple segments.

The 52 applicants have committed an investment of Rs 6,708 crore with an expected turnover of Rs 21,186 crore, the textiles ministry said Friday.

“These investments will enhance domestic manufacturing capabilities, promote innovation, and strengthen India’s position in the global textile market,” it said.

Investment of Rs 944.48 crore, turnover of Rs 4,473 crore and exports of Rs 363.55 crore haa been reported by the PLI participant companies in three quarters of FY26.

The centre had approved the PLI scheme for textiles in September 2021, with a budgetary outlay of Rs 10,683 crore for a five-year period to boost the production of MMF apparel, MMF fabrics, and technical textiles, among others.