PLI Scheme for Textiles β Major Policy Boost Announced π§΅
β
Investment barrier cut by 50%
β’ Part 1: βΉ300 Cr β βΉ150 Cr
β’ Part 2: βΉ100 Cr β βΉ50 Cr β bringing mid-sized firms into play
π Turnover criteria eased
β’ Incremental turnover target reduced from 25% β 10% from Year 2 to improve compliance
π§΅ Wider product coverage
β’ New MMF (Man-Made Fibre) apparel & fabric codes added to promote high-value exports
π Flexibility for scaling
β’ Existing companies can now add new projects under the same entity β no need for separate SPVs
π Application window extended till Dec 31, 2025
β’ 74 companies already onboard with βΉ28,700 Cr committed investments
π― Goal: Make India a global hub in MMF & technical textiles by encouraging broader industry participation
#valuemulticaps #PLI #Textiles #MakeInIndia #PolicyUpdate #Exports #Manufacturing #IndiaEconomy #MMF