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.

Site içinde arama yapın
Kategoriler
Read More
Textile Waste Collectors & Aggregators
Лучшие виллы с бассейном на Пхукете: аренда
Распланирование совершенного отпуска или переезда в Таиланд начинается с поиска надежного жилья,...
By Ivan Popov 2026-07-02 02:52:33 0 352
Fashion Media & Publications
Turkmenistan sees focus on high-tech Italian textile machinery
Among the most requested Italian technologies in the Turkmen market, accessories stand out...
By The Indian Textile Journal 2026-06-02 06:39:24 0 350
Fashion Media & Publications
India’s Cotton Acreage and Output Likely to Rise Next Season: USDA
India’s cotton sector is expected to witness a recovery in the 2026–27 marketing...
By Apparel Resources 2026-04-09 10:44:29 0 470
Fashion Media & Publications
Cotton Yarn Rise to ₹300/kg Squeezes Gujarat’s Textile Value Chain
Cotton prices have increased to a four-year high of Rs 300 per kg, accelerated by the higher...
By Apparel Resources 2026-05-05 06:57:19 0 438
Fashion Media & Publications
PM Modi to Inaugurate Warangal Mega Textile Park, Boosting Jobs and Investment
Prime Minister Narendra Modi will virtually inaugurate the PM MITRA Mega Textile Park in...
By Apparel Resources 2026-05-04 05:03:10 0 297