PLI Round 3 Clears 52 Textile Projects Worth Rs 6708 Crore

0
331

The government has cleared 52 fresh proposals under the third round of the Production-Linked Incentive (PLI) Scheme for Textiles, with a projected investment of Rs 6,708 crore, reinforcing its push to strengthen high-value manufacturing in the sector.

According to the Ministry of Textiles, the approved applications span key segments, including five in man-made fibre (MMF) apparel, 19 in MMF fabrics, 18 in technical textiles, and 10 covering multiple categories. These projects are expected to collectively generate a turnover of Rs 21,186 crore signalling strong industry participation in value-added textile segments.

The scheme continues to play a central role in boosting domestic manufacturing capacity, encouraging innovation and improving India’s competitiveness in global textile markets. Participating companies under the PLI programme have already reported investments of Rs 944.48 crore, along with a turnover of Rs 4,473 crore and exports worth Rs 363.55 crore during the first three quarters of FY 2025–26.

The government’s broader textile strategy is also gaining momentum through large-scale infrastructure development. Seven PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks are being developed across key states, with a total outlay of Rs 4,445 crore over a seven-year period up to 2027–28.

These parks, located in Tamil Nadu (Virudhnagar), Telangana (Warangal), Gujarat (Navsari), Karnataka (Kalaburagi), Madhya Pradesh (Dhar), Uttar Pradesh (Lucknow) and Maharashtra (Amravati), are designed to offer world-class infrastructure, including plug-and-play facilities to attract large-scale investments.

So far, investment agreements with a potential exceeding Rs 27,434 crore have been signed, while land acquisition for all seven parks has been completed and transferred to the respective special purpose vehicles. In addition, infrastructure development projects worth Rs 2,590.99 crore, aimed at ensuring connectivity up to the park gates, have already been initiated by state governments.

The combined push through production incentives and integrated infrastructure is expected to accelerate growth, enhance exports and position India as a global hub for advanced textile manufacturing.

Suche
Kategorien
Mehr lesen
Fashion Media & Publications
Experts Urge Indian Exporters to Upgrade Standards for India-UK Trade Pact
Industry experts call for product standard upgrades and nationwide awareness programmes to help...
Von Textile Value Chain 2026-07-06 06:27:17 0 340
Fashion Media & Publications
Dyeing and finishing technologies gain momentum ahead of ITM 2026
Dyeing and finishing, among the most value-driven stages in textile production, are seeing steady...
Von TexSPACEToday 2026-05-06 08:56:26 0 562
Fashion Media & Publications
India-Italy Partnership Opens New Textile Trade Opportunities
India and Italy are looking to deepen cooperation across textiles, manufacturing and sustainable...
Von Textile Insights 2026-05-21 09:12:18 0 293
Fashion Media & Publications
Indian fashion goes global and green
For years, Indian fashion was often seen only through the lens of tradition. It was labelled as...
Von The Indian Textile Journal 2026-03-24 07:59:20 0 490
Fashion Media & Publications
Organic Cotton Summit 2026 targets supply chain, production challenges
Efforts to strengthen global supply chains and scale sustainable cotton production will take...
Von Just style 2026-04-15 07:52:04 0 461