Textile ministry reopens PLI scheme, halves turnover threshold to ₹100 cr
The application portal the PLI scheme for textiles will open from 1 November to 31 December.
The Indian textiles ministry is reopening its production-linked incentive (PLI) scheme for textiles from November 1 to December 31, lowering the minimum turnover requirement for the second category of eligible companies from ₹200 crore to ₹100 crore. This move aims to widen participation from micro, small and medium enterprises (MSMEs) and boost domestic manufacturing of man-made fibre (MMF) apparel, fabrics and technical textiles.
The extended tenure of the scheme until fiscal year 2033-34 provides greater certainty for new participants in investing and scaling up manufacturing capacity. Lowering the turnover threshold is expected to increase the number of domestic manufacturers within the PLI scheme and strengthen India's export competitiveness. Vinod Kumar, president of the India SME Forum, believes the amendment will encourage mid-sized units and proactive SMEs to invest with confidence and contribute to manufacturing growth.
The scheme's success depends on effective implementation, clear eligibility guidance, timely approvals, affordable finance and practical support for enterprises preparing their applications. Prabhu Dhamodharan, convenor of the Indian Texpreneurs Federation, agrees that the move will encourage wider participation and long-term investments, noting that India's expanding Free Trade Agreements (FTAs) opening new global markets make the changes opportune.
Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
