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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 ...
The country's textiles and garment exports fell 2.2 per cent to USD 35.8 billion in 2025-26 due to contraction in shipments of key segments such as cotton, think tank GTRI said on Saturday. In rupee terms too, the exports fell 2.1 per cent during the last fiscal. GTRI said the declining pattern is visible across major segments - cotton textiles (- 3.9 per cent), ready-made garments (- 1.4 per cent), and carpets (- 5.3 per cent). Only handicrafts grew slightly by 1.5 per cent during the fiscal. The contrast between INR and USD growth highlights a deeper structural concern, the Global Trade Research Initiative (GTRI) said. Its founder Ajay Srivastava said India is exporting more in value terms domestically, but earning fewer dollars globally. For instance, man-made textiles show a 3.6 per cent rise in INR(Indian Rupee) but a 0.8 per cent decline in dollar terms, and garments show a 2.9 per cent INR increase despite a 1.4 per cent dollar contraction, he said. This suggests that ..
Gujarat's textile hub in Surat has started feeling the pinch of rising input costs due to the ongoing West Asia conflict, with several units either curtailing their daily working hours or bringing down their active production days. Some office-bearers claimed that the industry was currently facing losses of around Rs 100 crore every day. Surat city is among India's largest centres for man-made fabric production. The South Gujarat Textile Processors Association has decided to limit the operational days of units to five days a week instead of seven in a bid to manage rising costs, its president Jitendra Vaktania said. "Due to rising costs of raw materials and coal, the textile processing industry in Surat and South Gujarat is facing a crisis," he said. Several units have also scaled down production cycles from 24 hours to 12 hours a day, impacting overall output, said Ashok Jirawala, president of the Federation of Gujarat Weavers' Welfare Association and vice-president of the Southe