iAspirantsNew Investments in Textile Sector
Published on:
Share this post
Article Summary
Government Scheme: The Production Linked Incentive (PLI) Scheme for textiles has approved 22 new applicants.
Financial Data:
- Total investment expected from these new approvals: ₹2,339.14 crore.
- Projected turnover from notified products: ₹15,561.34 crore.
- Total committed investment under the third round of approvals: ₹12,822.67 crore.
- Total projected turnover for all selected companies under the scheme: ₹58,294.18 crore.
Employment Generation: The new approvals are expected to create 36,217 employment opportunities across the textile value chain.
Scope of the Scheme: This approval is part of the third round of selections, where a total of 96 companies have been chosen so far.
The PLI Scheme aims to boost domestic manufacturing and make India a global manufacturing hub by incentivizing companies to enhance production.
Key Terms & Concepts
| Production Linked Incentive (PLI) Scheme | Government investment initiative |
| ₹2,339.14 crore | Total investment from approvals |
| ₹15,561.34 crore | Projected turnover of applicants |
| 36,217 | Employment opportunities created |
| 96 companies | Total selected under scheme |
| ₹12,822.67 crore | Total committed investment |
| ₹58,294.18 crore | Projected turnover total |
| June 11, 2026 | Article publication date |
