Textile PLI scheme: 35 companies line up Rs 10,000-crore investment

The textile sector is worried about the stringent parameters, including the Rs 600-crore turnover and targets of additional incremental turnover of 25 per cent over the preceding year

At least 35 companies, including Reliance Industries, Bombay Dyeing, Welspun Global Brands, Arvind Group, IndoRama Synthetics, and Wellknown Polyesters, have lined up investment plans worth Rs 10,150 crore under the production-linked incentive (PLI) scheme for textiles.

Last week, the Union Cabinet had approved the scheme with a budgetary outlay of Rs 10,683 crore. The scheme, designed to boost India’s production and trade of man-made fibre (MMF), garments, and technical textiles, is expected to result in fresh investments of more than Rs 19,000 crore in five years.

“The clear advantage is that this could help increase turnover. The entire MMF chain will stand