India, Nov. 18 -- The Ministry of Textiles has approved 17 new applicants under the Production Linked Incentive (PLI) Scheme for Textiles in the third round of selection, giving a major boost to the Man-Made Fibre (MMF) and Technical Textiles sectors.
The newly selected companies have committed a total investment of Rs 2,374 crore. Their proposed projects are expected to generate projected sales of over Rs 12,893 crore and create employment for around 22,646 people in the coming years.
Launched on September 24, 2021, with an outlay of Rs 10,683 crore, the PLI Scheme aims to strengthen domestic manufacturing of MMF apparel, MMF fabrics, and technical textiles, helping Indian industry scale up, enhance global competitiveness, and create lar...