PLI Scheme Deadline Extended
The Government of India has announced an extension of the deadline for submitting applications under the Production Linked Incentive (PLI) scheme for the textile sector. The new deadline is now December 31.
The Ministry of Textiles said the decision was made after receiving a large number of applications and growing interest from the industry.
Objective of the Scheme
The PLI scheme for textiles, notified on September 24, 2021, aims to:
Promote the production of man-made fibre (MMF) apparel and fabrics
Encourage manufacturing of technical textiles products in India
Boost competitiveness in the global textile value chain
Industry Response & Investments
So far:
74 companies have been selected as beneficiaries under the scheme
These companies have committed investments worth ₹28,711 crore
The scheme continues to attract new investors and participants
Encouraged by this momentum, the government has provided additional time for potential investors to apply and participate.
Final Word
The extension of the PLI scheme deadline to December 31 gives the textile sector another opportunity to expand investment and innovation. With committed investments already crossing ₹28,000 crore, the scheme is expected to strengthen India’s position as a global textile hub.
