Policies

India Extends PLI Scheme Timeline Amid Textile Export Challenges

Textile Insights June 19, 2024

The Indian government has decided to extend the timeline for setting up facilities under its Production Linked Incentive (PLI) scheme from two years to over three years. This adjustment aims to improve the scheme’s effectiveness in boosting India’s textile exports, which saw a

Export

Market Share Of Global MMF Apparel Exports To Reach 60% By 2030

Textile Insights April 5, 2024

A study informed that global apparel exports are expected to grow to $1,121 billion by 2030, from $953 billion in 2022. Of this, around 60 percent are projected to be manmade fibre (MMF) apparels by 2030. “Around 50 percent of the $953 billion in worldwide apparel exports were MMF-based in 2022, 37 percent were in […]

Policies

FTA With UK Alone May Not Lead To Big Surge In India’s T&A Exports

Textile Insights December 12, 2023

Even as India and the UK are close to concluding talks on a Free Trade Agreement (FTA), experts and observers in the textiles and apparel sector are of the view that the agreement may not fetch the desired results unless the industry gears up to manufacture right kind of product mix at competitive pricing. Currently, […]

Industry

Exports Of Indian MMF Textile Products To Leap By 2030

Textile Insights November 30, 2023

Manmade fibre (MMF) textile product exports from India are projected to leap due to the PLA scheme as well as the free trade agreements (FTA’s) signed with Australia and the UAE. Exports of MMF textile products are forecast to leap by a significant 75 percent to US $11.4 billion from $6.5 billion in fiscal 2022. […]

Policies

Center Extends Application Deadline For PLI Scheme In Textiles

Textile Insights September 1, 2023

Fresh Applications Welcome Until October 31st for MMF Apparel, MMF Fabrics, and Technical Textile Products The Ministry of Textiles has announced an extension of the application deadline for the PLI scheme in textiles, specifically for MMF Apparel, MMF Fabrics, and Technical Textile products. Interested parties are now invited to submit their applications until October

Trade & Market

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

Textile Insights April 28, 2023

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. […]