Textile PLI shows traction: raincoat imports zeroed, men's briefs exports 2.5x to $66.4M
India's ₹10,683 cr Textile PLI scheme is delivering early import substitution and niche export wins. Synthetic raincoat imports fell to zero from $2.9M, while clinical diaper exports jumped 193% to $7.7M and men's briefs exports rose 2.5x to $66.4M. 170 approved applicants project ₹41,500 cr in investment across MMF and technical textiles.
What happened
Textile PLI Scheme · India's textile PLI scheme shows early traction: imports of synthetic raincoats, men's outerwear and dyed knit fabrics fell sharply while
Key facts
- ₹10,683 crore PLI outlay
- 170 approved applicants
- ₹41,500 crore projected investment
- raincoat imports to zero from $2.9M
- men's briefs exports up 2.5x to $66.4M
- clinical diapers exports up 193% to $7.7M
Why this matters
Scout the 170 PLI-approved applicants for bolt-on M&A or JV targets in MMF and technical textiles, where ₹41,500 cr of incoming capex will reshape competitive positioning over 24-36 months.