The Government of India has approved a total of 96 companies under the third round of the Production Linked Incentive (PLI) Scheme for Textiles, paving the way for investments worth more than Rs 12,822 crore in the country’s man-made fibre (MMF) and technical textiles sectors. The latest
The Production Linked Incentive (PLI) Scheme for Textiles is emerging as a key driver of investment, manufacturing growth and export expansion in India’s textile industry, with significant progress reported since its implementation. According to data released by the Ministry of Textiles, investments worth Rs 7,343 crore have been reported under the scheme, generating
Around 10-12 textile companies are set to receive the first incentive payments under the Production-Linked Incentive (PLI) scheme, according to a senior government official. “Approximately 40 companies have already initiated investments. We had a gestation period until March 2024, and we hope that 10-12 companies will receive their incentive payouts within this
Pabitra Margherita, Hon’ble Minister of State, Ministry of Textiles, Government of India, addressed the ASSOCHAM Global Textile Sustainability Summit, emphasizing the vital role of sustainability in the textile industry. He outlined a vision for India to lead in sustainable textiles, inspiring global responsibility. Margherita stressed the importance of collaboration
Union Minister of Textiles, Giriraj Singh met the beneficiaries of the Production Linked Incentive (PLI) Scheme for MMF apparel, fabrics, and technical textiles on 20th August in New Delhi. The participants shared their ongoing commitment, successes, experiences, feedback, and challenges related to the scheme. Giriraj Singh confirmed the Government’s dedication to
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 decline of 11.69% from $16.24 billion in 2018 to $14.34 billion in […]
The Textile Machinery Manufacturers’ Association’s (TMMA) first Vice Chairman, Prashant Mangukia of Yamuna Machine Works, participated in a prestigious CEO Roundtable conference hosted by ASSOCHAM (The Associated Chambers of Commerce and Industry of India). The event, titled “India’s Century Vision for the Manufacturing Sector,” took place on May


















