PLI Scheme

As many as 96 companies have been selected under the third round of the Production Linked Incentive (PLI) scheme for textiles with a total investment commitment of Rs 12,822.67 crore, the government said on Wednesday. The textile ministry said 22 new applicants have been cleared in the latest meet under the Round-3 of the Production Linked Incentive (PLI) Scheme for Textiles. The 22 newly approved companies are expected to bring in a total investment of Rs 2,339.14 crore, generate a projected turnover of Rs 15,561.34 crore in notified products, and create 36,217 employment opportunities across the textile value chain. "A total of 96 companies have been selected under Round-3 of the scheme with a total committed investment of Rs 12,822.67 crore and a projected turnover of Rs 58,294.18 crore," an official statement said. The approved applicants span key focus segments of the PLI Scheme, including Man-Made Fibre (MMF) Apparel, MMF Fabrics and Technical Textiles, thereby further ...

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The government will expand the coverage of the Rs 10,683-crore production-linked incentive (PLI) scheme for textiles covering man-made fibre (MMF) apparel, fabrics, and technical textiles, Union minister Giriraj Singh said on Tuesday. The addition of products to the list of eligible items for receiving the government's financial support will support industry, enhance ease of doing business, encourage fresh investments in the sector and accelerate growth in the textiles sector. It underscores the Narendra Modi-led government's focus on fostering employment and driving India's leadership in the global textile market. Singh told PTI that the government will "certainly expand" the coverage under PLI textiles for product categories. The minister was speaking after an interaction with representatives from Indian Footwear Industries here. He observed that times have changed as earlier there was no emphasis on technical textiles but now under Prime Minister Narendra Modi-led government a P

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