Government approves 96 Companies under round-III of Textile PLI Scheme; ₹12,822 crore investment

📌 Summary:

• Government approved 22 new applicants under Round-3 of the Production Linked Incentive (PLI) Scheme for Textiles
• New companies expected to bring ₹2,339.14 crore investment, ₹15,561.34 crore turnover in notified products, and 36,217 jobs across the textile value chain
• Cumulatively, 96 companies now selected under Round-3 with committed investment of ₹12,822.67 crore and projected turnover of ₹58,294.18 crore
• Focus segments: Man-Made Fibre (MMF) Apparel, MMF Fabrics and Technical Textiles — strengthening India as a value-added textile manufacturing hub
• Aligned with the vision of Aatmanirbhar Bharat and promotion of investment in sunrise textile segments

🎯 UPSC Relevance: GS3 — industrial policy, manufacturing competitiveness, PLI as an instrument for employment and import substitution

📝 Prelims Facts:

• PLI = Production Linked Incentive scheme; Textile PLI targets MMF Apparel, MMF Fabrics and Technical Textiles
• Round-3: 96 companies, ₹12,822.67 crore committed investment, ₹58,294.18 crore projected turnover
• Round-3 new entrants (22) projected to create 36,217 jobs

🔑 Key Term: PLI Scheme — output-linked fiscal incentive (paid on incremental sales of manufactured goods) to boost domestic production, investment and exports in priority sectors.