The Government has approved 22 new applicants under Round-III of the Production Linked Incentive Scheme for Textiles.
According to a statement by the Ministry of Textiles, the newly approved companies are expected to bring in a total investment of ₹2,339.14 crore.
These companies are also expected to generate a projected turnover of ₹15,561.34 crore in notified products and create 36,217 employment opportunities across the textile value chain.
With these approvals, a total of 96 companies have been selected under Round-III of the scheme.
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The total committed investment under Round-III now stands at ₹12,822.67 crore, while the projected turnover is estimated at ₹58,294.18 crore.
The approved applicants cover key focus areas of the textile PLI scheme, including Man-Made Fibre Apparel, Man-Made Fibre Fabrics and Technical Textiles.
The ministry said the addition of these companies reflects the continued response from industry to the government’s efforts to promote investment in sunrise segments of the textile sector.
“The proposed investments and production capacities are expected to support the development of a robust and globally competitive textile ecosystem aligned with the vision of Aatmanirbhar Bharat,” the ministry said.
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