New Delhi, Nov 18 (IANS) The Ministry of Textiles has approved 17 new applicants under the Production Linked Incentive (PLI) Scheme for Textiles in the third round of selection.

This significant step is set to further accelerate investment, boost domestic manufacturing, and enhance India’s global competitiveness in the man-made fibre (MMF) apparel, MMF fabrics, and technical textiles sectors, according to an official statement issued on Tuesday.

The newly approved applicants have committed a total investment of Rs 2,374 crore. The proposed projects are expected to achieve projected sales of over Rs 12,893 crore and generate employment for about 22,646 persons in the coming years, the statement said.

The PLI scheme for textiles was notified on September 24, 2021, with an approved outlay

See Full Page