Aiming to invigorate job creation and attract substantial investments, the Centre is preparing a fresh Production-Linked Incentive (PLI) scheme exclusively tailored for the garment sector. Union Textiles Minister Giriraj Singh confirmed the development, stating that this initiative will function independently from the existing textile PLI scheme launched in 2021.
The current PLI scheme, with an outlay of 10,683 crore, supports the manufacturing of man-made fibre (MMF) apparel, MMF fabrics, and technical textiles. So far, 80 applicants have received approval, and the government plans to disburse 500 crore under it within the present financial year. The scheme targets over 19,000 crore in new investments and aims to create more than 7.5 lakh jobs over a five-year period.
Minister Giriraj Singh also indicated active discussions with global brands from Japan, Qatar, and other nations, showcasing rising international interest in India’s textile capabilities. He highlighted the success of export-focused incentives like the Rebate of State and Central Taxes and Levies (RoSCTL), with decisions on its extension beyond March 2026 expected soon.
Reinforcing the textile sector's central role in employment generation, Singh projected that 2.5 crore jobs could be created by 2030. Speaking at the Powering Bharat event, he proudly shared that every third or fourth bedsheet and towel in American homes now carries the Made in India tag.
With its unmatched spinning strength and evolving global leadership, the Indian textile industry is poised to surpass USD 100 billion by 2030, establishing a stronghold in both domestic and global markets.
Vietnam's Textile Industry: A Global Hub for Sustainable Growth
TexMach Expo 2025 To Illuminate Future Of Textile Machinery at BUTEX
Textile Stocks Soar On Hopes Of India US Trade Breakthrough
UK Apparel Imports Surge as Consumer Demand Revives