What Are the Latest Investments Under the Textiles PLI?
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Synopsis
Discover how the textiles PLI scheme is reshaping India's textile industry, with significant investments and impressive export figures. Minister Pabitra Margherita shares insights on the government's commitment to enhancing the sector's global competitiveness.
Key Takeaways
- Investment under textiles PLI reaches Rs 7,343 crore.
- Turnover stands at Rs 4,648 crore, with Rs 538 crore in exports.
- Government disburses Rs 54.50 crore in incentives for FY 2024-25.
- Projected figures for investment and turnover are Rs 28,711 crore and Rs 2,16,760 crore respectively.
- 74 companies selected, including 24 MSMEs.
New Delhi, Aug 8 (NationPress) The cumulative investment made by various companies under the production-linked incentive (PLI) scheme for textiles has reached an impressive Rs 7,343 crore, with a total turnover of Rs 4,648 crore. This figure includes an export amount of Rs 538 crore as of March 31, 2025, as reported to Parliament on Friday.
According to the Minister of State for Textiles, Pabitra Margherita, an incentive of Rs 54.50 crore has been disbursed under the scheme for the fiscal year 2024-25 in response to inquiries in the Rajya Sabha.
The projected figures under this scheme are Rs 28,711 crore in investments and Rs 2,16,760 crore in turnover, including exports, the minister highlighted.
The government is actively implementing the PLI scheme for textiles, which has an approved budget of Rs 10,683 crore. This initiative aims to boost the production of man-made fiber (MMF) apparel, MMF fabrics, and technical textile products in India, enhancing the competitiveness of the textile sector.
The scheme is divided into two parts: Part 1 requires a minimum investment of Rs 300 crore and a turnover of Rs 600 crore per company, while Part 2 requires a minimum investment of Rs 100 crore and a turnover of Rs 200 crore per company. This structure is designed to attract both large manufacturers and micro, small, and medium enterprises (MSMEs).
To qualify for the incentive, companies must meet the specified investment and turnover thresholds. A total of 74 companies have been selected under the scheme, including 24 from the MSME category, according to the minister.
In addition, India's overall textile and apparel exports surpassed $37.75 billion in 2024-25, marking a 5 percent increase compared to the $35.87 billion reported in the previous fiscal year. The government is pursuing various initiatives to enhance investment, create job opportunities, and boost exports in the textile industry.
Seven locations have been approved for the establishment of PM MITRA Parks, with one park each in Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Tamil Nadu, Telangana, and Uttar Pradesh.
Point of View
It's crucial to remain unbiased while reporting on significant government initiatives like the PLI scheme. The textile sector is pivotal for India's economy, and this scheme aims to enhance its competitiveness, drive investments, and create jobs. The government's proactive approach in supporting both large and small enterprises through targeted incentives reflects a commitment to fostering growth in this vital industry.
NationPress
19/08/2025
Frequently Asked Questions
What is the total investment under the textiles PLI scheme?
The total investment made under the textiles PLI scheme has reached Rs 7,343 crore.
What is the expected turnover under the PLI scheme?
The expected turnover under the scheme is Rs 28,711 crore.
How many companies are involved in the scheme?
A total of 74 companies have been selected under the scheme.
What are PM MITRA Parks?
PM MITRA Parks are designated areas for textile production to enhance the sector's growth and competitiveness.
What is the incentive amount disbursed in FY 2024-25?
An incentive of Rs 54.50 crore has been disbursed under the scheme for the fiscal year 2024-25.
