PLI textile scheme application window open till September 30
The government has extended the application deadline for the Production Linked Incentive scheme for textiles. Companies now have until September 30, 2025, to apply. This decision follows a strong response from the industry. Twenty-two new applicat...
During the recent invitation of application in August, 22 new applications have been received from manmade fibre (MMF) apparel, fabrics, and technical textiles sector.
“Government gives one more chance to prospective investors to benefit from the scheme,” the textiles ministry said in a statement.
As per the statement, the application window is being reopened based on the appetite of the industry to invest more under the scheme, which is an outcome of the growing market and confidence generated due to manufacturing of textiles products in India under the PLI Textiles Scheme.
“No application shall be accepted after the closure of the application window,” it said.
So far, 74 participant companies with committed investment of Rs 28,711 crore were selected as beneficiaries under the PLI scheme.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.