India Expands ₹10,683 Crore PLI Scheme for Textiles to Boost Industry Growth

Original: Govt to expand ₹10,683 crore PLI scheme for textiles, add more products

Business Standard•Apr 7, 20262 min

In a Nutshell

The Indian government is expanding its ₹10,683 crore production-linked incentive (PLI) scheme for textiles to include man-made fibre apparel, fabrics, and technical textiles. This initiative aims to enhance business operations, attract investments, and strengthen India's position in the global textile market.

Key Points

01The PLI scheme for textiles will now cover additional product categories.
02This expansion aims to support industry growth and ease of doing business.
03The initiative reflects the government's commitment to boosting employment.
04India's per person footwear consumption is approaching 3 pairs, indicating rising purchasing power.
05The focus on technical textiles marks a significant shift in government policy.

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Full Summary

The Indian government plans to expand the ₹10,683 crore (approximately $1.3 billion USD) production-linked incentive (PLI) scheme for textiles, as announced by Union Minister Giriraj Singh. This expansion will include man-made fibre (MMF) apparel, fabrics, and technical textiles, aiming to support industry growth and enhance the ease of doing business. Singh emphasized that the government's focus under Prime Minister Narendra Modi is on fostering employment and establishing India's leadership in the global textile market. He noted that the per person footwear consumption in India is nearing 3 pairs, which reflects an increase in purchasing capacity over the past 12 years. The minister also acknowledged the challenges faced by the footwear industry regarding raw material availability and quality, indicating the government's responsiveness to industry needs.

Key Figures

₹10,683 crore

Total budget for the expanded PLI scheme

3 pairs

India's per person footwear consumption

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Why It Matters

The expansion of the PLI scheme is expected to create more jobs in the textiles sector and improve the availability of quality products in the market.

Who is affected

Textile manufacturers, workers in the industry, and consumers of textile products.

What to know

Industry stakeholders should prepare to adapt to the new product categories eligible for incentives.

FAQ

The expanded PLI scheme aims to support industry growth, enhance ease of doing business, and attract fresh investments in the textiles sector.

India's per person footwear consumption has reached close to 3 pairs, compared to 7 pairs in the USA and 3.3 pairs in China.

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