Newly Approved PLI Scheme For Textiles Expected To Create 7.5 Lakh Jobs

The Union Government has recently approved a production-linked incentive (PLI) scheme of ₹10,683 crore for textiles, with the aim to boost domestic manufacturing of man-made fibres (MMF), garments, and technical textiles. The scheme also aims to increase exports globally for the Indian textile industry. Indian textile exports, which have seen a gradual decline over the past few years, are expected to regain a previously dominant status in the global textile trade, following the launch of the scheme.

“As a government we are looking at the creation of employment, opportunities for people, our citizens. So, the creation of employment opportunities is liked by both the central and state governments. So, jointly, we will work towards the success of this scheme. That is our objective.” the Ministry of Textiles’ additional secretary, Vijoy Kumar Singh, told the Press Trust of India in an interview.

As per estimates, the scheme is expected to attract fresh investment of more than ₹19,000 crore, create a cumulative turnover of over ₹3 trillion, and introduce more than 750,000 jobs additional employment opportunities in the industry. States like Gujarat, Uttar Pradesh, Maharashtra, Tamil Nadu, Punjab, Andhra Pradesh, and Telangana, where the textile industry is most dominant, are expected to impact positively from the new scheme.

Textile Minister Piyush Goyal said at a briefing, “So far, we have primarily focused on cotton textiles. Today, two-thirds of the international trade market is of man-made and technical textiles. In such a situation, India should also contribute to the entire ecosystem. The PLI scheme will make domestic companies global champions.” Technical textiles are new-age materials that can be used for the production of products like personal protective equipment kits, airbags, bulletproof vests, as well as in sectors such as aviation, defence, and infrastructure. Man-made fibres include fabrics like viscose, polyester, and acrylic.

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