PLI Round 3 Clears 52 Textile Projects Worth Rs 6708 Crore

0
203

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.

Zoeken
Categorieën
Read More
Fashion Media & Publications
India Textile Exports Grow 9.4 Percent In November
Synopsis India's textile and apparel exports saw a significant rise in November 2025, reaching...
By The Economic Times 2026-04-01 06:08:10 0 360
Fashion Media & Publications
Textile bodies seek relief to deal with cotton price surge
CHENNAI: The textile industry has raised concerns over a sharp increase in cotton prices in the...
By The Times Of India 2026-05-20 09:45:29 0 81
Fashion Media & Publications
Generative AI Transforms Fashion Design & Trend Forecasting
A recent study has delved into the potential of generative AI models like ChatGPT and DALL-E 3 to...
By Global Textile Times 2026-03-25 10:30:59 0 349
Fashion Media & Publications
Syre Announces Partnership With Nike to Scale Circular Polyester
STOCKHOLM, Sweden — November 11, 2025 — Syre, the textile impact company hyperscaling...
By Textile World 2026-03-28 12:00:45 0 285
Fashion Media & Publications
ECCO and Spinnova launch footwear using protein-based fibre
Danish footwear manufacturer ECCO has released the ECCO BIOM 720, a limited-edition shoe that...
By Just style 2026-05-06 11:55:52 0 273