Centre Approves 64 Applications Under The Production Linked Incentive Scheme For Textiles

Indian government had approved the Production Linked Incentive (PLI) Scheme for Textiles on 08.09.2021 with an approved outlay of Rs.10,683 crore over a five year period to promote production of MMF Apparel, MMF Fabrics and Products of Technical Textiles in the country to enable textiles industry to achieve size and scale and to become competitive. Financial Year 2022-23 and 2023-24 are gestation periods under the PLI scheme for Textiles. Performance years commences from financial year 2024-25 to 2028-29.

Government of India has approved 64 applications out of 67 applications received. In the approved 64 applications, the proposed total investment is Rs.19,798 crore and projected turnover of Rs. 1,93,926 crore with a proposed employment of 2,45,362. A total of 12 companies have proposed to set-up projects under the said Scheme in Madhya Pradesh, 7 companies in Uttar Pradesh and 4 companies in Rajasthan.  There is no proposed project to be set-up in Odisha.

The details of India’s textiles & apparel exports including handicrafts exports during the last five years are as follows:

Value in US$ billion