As of March 2025, India’s Production-Linked Incentive (PLI) Scheme is advancing in 14 important sectors, attracting a total of Rs. 1.76 lakh crore (US $ 20.54 billion) in investments and producing and selling goods valued at Rs. 16.5 lakh crore (US $ 192.54 billion), according to the Ministry of Commerce and Industry.
Official data also shows that the plan has generated over 12 lakh direct and indirect jobs. The Centre has provided Rs. 21,534 crore (US $ 2.51 billion) in PLI incentives for 12 industries, including the textile industry, to help spur this expansion.
With a budgetary investment of Rs. 10,683 crore (US $ 1.25 billion), the Production Linked Incentive (PLI) Scheme for textiles seeks to increase the manufacturing of technological textile goods, MMF fabrics, and MMF (Man-Made Fibre) clothing in India. Based on the incremental turnover obtained from FY 2024-25 to FY 2028-29, the scheme will offer incentives for five years, from FY 2025-26 to FY 2029-30, starting on the date of notice.
The PLI Schemes have significantly impacted a number of Indian industries, including exports, employment creation, production growth, and home manufacturing.
For the textile industry, MMF textile exports increased to US $ 6 billion in FY 2024–2025 from US $ 5.7 billion, while technical textile exports increased to US $ 3.36 billion from US $ 2.99 billion in FY 2024–2025.
During the Production Linked Incentive Scheme review meeting, Union Minister of Commerce and Industry Piyush Goyal emphasised the importance of achieving self-sufficiency in the primary industries covered by the PLI Scheme. Goyal emphasised that the Ministries should work with NICDC to address infrastructure bottlenecks and create quality trained labour rather than quantity. He also emphasised the importance of building a five-year investment and disbursement framework.
