Centre clears 96 firms under textiles PLI with Rs 12,823 cr committed outlay
Round-3 of the textiles PLI scheme adds 22 new applicants, taking total approvals to 96 firms with Rs 12,822.67 cr in committed investment across MMF apparel, fabrics and technical textiles. Projected turnover stands at Rs 58,294 cr with 36,217 jobs; new entrants alone bring Rs 2,339 cr investment.
What happened
Ministry of Textiles · Government cleared 22 more firms under Round-3 of textiles PLI scheme, taking total to 96 companies with Rs 12,823 crore committed
Key facts
- 96 firms
- Rs 12,822.67 crore committed investment
- 22 new applicants
- Rs 2,339.14 crore new investment
- Rs 15,561.34 crore turnover (new)
- Rs 58,294.18 crore projected turnover
- 36,217 jobs
Why this matters
The fresh cohort of 22 PLI-backed entrants signals a window to scout JV or acquisition targets in MMF apparel and technical textiles before scaled production tightens valuations.