UP Singh, Textile Secretary informs, the Union government has selected 61 of the 67 applications with an investment potential of over Rs 19,000 crore under the production linked incentive (PLI) scheme for textiles. The selected companies are expected to make investments worth over Rs 19,077 crore in coming years and the projected turnover would Rs 184,917 crore, adds Singh.

The government had approved the PLI Scheme for textiles products – MMF Apparel, MMF Fabrics and Products of Technical Textiles in December last year. The scheme aimed to enhance India’s manufacturing capabilities and exports with an approved financial outlay of Rs 10,683 crore over a five-year period. Approved in September, the scheme aims to expand the MMFs and technical textiles segments’ value chain to help India regain its dominant status in global textiles trade. The textile ministry has been accepting online applications for textiles on from January 01, 2022.